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$405,015$405,015$472,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$67,485$0
Funding fee$0$0$0
Note rate6.35%6.35%7.24%
Blended rate6.9%7.2%7.48%
1st payment$2,581.46$2,581.46$3,220.08
2nd payment$0.00$506.14$0.00
Taxes / mo$314.17$314.17$314.17
Insurance / mo$166.67$166.67$166.67
MI / mo$190.15$190.15$94.50
HOA / mo$75.00$75.00$75.00
Total monthly$3,327.44$3,833.58$3,870.41
Cash to close$119,985$52,500$52,500