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$58,208$58,208$367,200
Remaining term (yrs)7.77.730.0
Secondary amount$0$308,992$0
Funding fee$0$0$0
Note rate6.3%6.3%7.24%
Blended rate7.15%7.655%7.48%
1st payment$786.13$786.13$2,502.46
2nd payment$0.00$1,995.58$0.00
Taxes / mo$161.42$161.42$161.42
Insurance / mo$150.00$150.00$150.00
MI / mo$89.96$89.96$73.44
HOA / mo$35.00$35.00$35.00
Total monthly$1,222.51$3,218.09$2,922.32
Cash to close$349,792$40,800$40,800