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$198,325$198,325$270,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$71,675$0
Funding fee$0$0$0
Note rate7.250%7.250%7.240%
Blended rate7.800%8.119%7.480%
1st payment$1,406.62$1,406.62$1,840.04
2nd payment$0.00$537.56$0.00
Taxes / mo$63.00$63.00$63.00
Insurance / mo$150.00$150.00$150.00
MI / mo$94.51$94.51$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,714.13$2,251.69$2,107.04
Cash to close$101,675$30,000$30,000