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$21,858$21,858$337,500
Remaining term (yrs)2.42.430.0
Secondary amount$0$315,642$0
Funding fee$0$0$0
Note rate6.820%6.820%7.240%
Blended rate7.670%7.745%7.480%
1st payment$794.53$794.53$2,300.06
2nd payment$0.00$2,038.52$0.00
Taxes / mo$189.83$189.83$189.83
Insurance / mo$150.00$150.00$150.00
MI / mo$86.15$86.15$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,220.52$3,259.04$2,707.39
Cash to close$353,142$37,500$37,500