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$410,360$410,360$472,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$62,140$0
Funding fee$0$0$0
Note rate4.25%4.25%7.24%
Blended rate4.8%5.352%7.48%
1st payment$2,090.74$2,090.74$3,220.08
2nd payment$0.00$466.05$0.00
Taxes / mo$367.00$367.00$367.00
Insurance / mo$166.67$166.67$166.67
MI / mo$194.79$194.79$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,819.20$3,285.26$3,848.25
Cash to close$114,640$52,500$52,500