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$299,104$299,104$318,420
Remaining term (yrs)28.028.030.0
Secondary amount$0$37,006$0
Funding fee$0$0$0
Note rate6.2%6.2%7.24%
Blended rate6.75%7.314%7.48%
1st payment$1,875.69$1,875.69$2,170.03
2nd payment$0.00$366.20$0.00
Taxes / mo$95.42$95.42$95.42
Insurance / mo$150.00$150.00$150.00
MI / mo$140.36$140.36$63.68
HOA / mo$27.00$27.00$27.00
Total monthly$2,288.47$2,654.67$2,506.13
Cash to close$54,696$17,690$35,380