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$114,772$114,772$198,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$83,228$0
Funding fee$0$0$0
Note rate6.570%6.570%7.240%
Blended rate7.120%7.910%7.480%
1st payment$759.25$759.25$1,349.37
2nd payment$0.00$624.21$0.00
Taxes / mo$66.92$66.92$66.92
Insurance / mo$150.00$150.00$150.00
MI / mo$54.66$54.66$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,030.82$1,655.03$1,605.88
Cash to close$105,228$22,000$22,000