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$10,400$10,400$513,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$502,600$0
Funding fee$0$0$0
Note rate6.9%6.9%7.24%
Blended rate7.45%7.744%7.48%
1st payment$72.94$72.94$3,496.09
2nd payment$0.00$3,245.96$0.00
Taxes / mo$265.92$265.92$265.92
Insurance / mo$166.67$166.67$166.67
MI / mo$4.97$4.97$102.60
HOA / mo$7.08$7.08$7.08
Total monthly$517.57$3,763.52$4,038.35
Cash to close$559,600$57,000$57,000