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$177,466$177,466$265,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$88,034$0
Funding fee$0$0$0
Note rate7.120%7.120%7.240%
Blended rate7.670%8.111%7.480%
1st payment$1,233.30$1,233.30$1,809.38
2nd payment$0.00$660.26$0.00
Taxes / mo$97.92$97.92$97.92
Insurance / mo$150.00$150.00$150.00
MI / mo$83.94$83.94$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,565.16$2,225.41$2,110.39
Cash to close$117,534$29,500$29,500