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$409,432$409,432$512,910
Remaining term (yrs)29.029.030.0
Secondary amount$0$103,478$0
Funding fee$0$0$0
Note rate6.500%6.500%7.240%
Blended rate7.050%7.242%7.480%
1st payment$2,614.61$2,614.61$3,495.47
2nd payment$0.00$689.85$0.00
Taxes / mo$97.92$97.92$97.92
Insurance / mo$166.67$166.67$166.67
MI / mo$189.59$189.59$102.58
HOA / mo$0.00$0.00$0.00
Total monthly$3,068.78$3,758.63$3,862.64
Cash to close$160,468$56,990$56,990