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$228,048$228,048$270,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$41,952$0
Funding fee$0$0$0
Note rate7.1%7.1%7.24%
Blended rate7.65%7.86%7.48%
1st payment$1,570.87$1,570.87$1,840.04
2nd payment$0.00$314.64$0.00
Taxes / mo$86.17$86.17$86.17
Insurance / mo$150.00$150.00$150.00
MI / mo$107.14$107.14$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,914.18$2,228.82$2,130.21
Cash to close$71,952$30,000$30,000