Coya Beaston

(615) 969-3457
Dan Frey Home Loans
Call Coya

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$390,122$390,122$453,600
Remaining term (yrs)28.328.330.0
Secondary amount$0$63,478$0
Funding fee$0$0$0
Note rate6.850%6.850%7.240%
Blended rate7.400%7.624%7.480%
1st payment$2,600.23$2,600.23$3,091.28
2nd payment$0.00$476.09$0.00
Taxes / mo$232.58$232.58$232.58
Insurance / mo$166.67$166.67$166.67
MI / mo$181.88$181.88$90.72
HOA / mo$110.00$110.00$110.00
Total monthly$3,291.36$3,767.45$3,691.25
Cash to close$113,878$50,400$50,400