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$727,220$727,220$4,491,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$3,763,780$0
Funding fee$0$0$0
Note rate6.67%6.67%7.24%
Blended rate7.22%7.664%7.48%
1st payment$4,752.01$4,752.01$30,606.08
2nd payment$0.00$24,307.75$0.00
Taxes / mo$2,079.17$2,079.17$2,079.17
Insurance / mo$216.67$216.67$216.67
MI / mo$338.57$338.57$898.20
HOA / mo$0.00$0.00$0.00
Total monthly$7,386.42$31,694.16$33,800.11
Cash to close$4,262,780$499,000$499,000