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$238,462$238,462$261,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$37,038$0
Funding fee$0$0$0
Note rate5.51%5.51%7.24%
Blended rate6.36%7.101%7.48%
1st payment$1,441.79$1,441.79$1,778.71
2nd payment$0.00$366.53$0.00
Taxes / mo$203.92$203.92$203.92
Insurance / mo$150.00$150.00$150.00
MI / mo$179.67$179.67$52.20
HOA / mo$165.00$165.00$165.00
Total monthly$2,140.37$2,506.90$2,349.83
Cash to close$51,538$14,500$29,000