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$285,461$285,461$494,910
Remaining term (yrs)28.528.530.0
Secondary amount$0$209,449$0
Funding fee$0$0$0
Note rate6.650%6.650%7.240%
Blended rate7.200%7.433%7.480%
1st payment$1,861.61$1,861.61$3,372.80
2nd payment$0.00$1,352.69$0.00
Taxes / mo$68.25$68.25$68.25
Insurance / mo$166.67$166.67$166.67
MI / mo$132.91$132.91$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,229.44$3,582.13$3,706.70
Cash to close$264,439$54,990$54,990