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$478,789$478,789$562,500
Remaining term (yrs)29.329.330.0
Secondary amount$0$83,711$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate7.05%7.34%7.48%
1st payment$3,045.86$3,045.86$3,833.43
2nd payment$0.00$627.84$0.00
Taxes / mo$162.08$162.08$162.08
Insurance / mo$166.67$166.67$166.67
MI / mo$220.87$220.87$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,595.48$4,223.31$4,274.68
Cash to close$146,211$62,500$62,500