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$277,660$277,660$305,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$28,250$0
Funding fee$0$0$0
Note rate6.88%6.88%7.24%
Blended rate7.43%7.575%7.48%
1st payment$1,872.54$1,872.54$2,084.77
2nd payment$0.00$211.88$0.00
Taxes / mo$170.50$170.50$170.50
Insurance / mo$150.00$150.00$150.00
MI / mo$130.58$130.58$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,323.62$2,535.50$2,466.45
Cash to close$62,240$33,990$33,990