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$204,593$204,593$315,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$110,407$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate7.05%7.383%7.48%
1st payment$1,350.57$1,350.57$2,146.72
2nd payment$0.00$736.05$0.00
Taxes / mo$154.67$154.67$154.67
Insurance / mo$150.00$150.00$150.00
MI / mo$97.93$97.93$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,753.17$2,489.22$2,514.39
Cash to close$145,407$35,000$35,000