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$282,294$282,294$297,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$31,206$0
Funding fee$0$0$0
Note rate6.35%6.35%7.24%
Blended rate6.9%7.395%7.48%
1st payment$1,832.28$1,832.28$2,024.05
2nd payment$0.00$308.81$0.00
Taxes / mo$145.33$145.33$145.33
Insurance / mo$150.00$150.00$150.00
MI / mo$134.96$134.96$59.40
HOA / mo$16.67$16.67$16.67
Total monthly$2,279.25$2,588.06$2,395.45
Cash to close$47,706$16,500$33,000