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$486,636$486,636$539,100
Remaining term (yrs)28.828.830.0
Secondary amount$0$52,464$0
Funding fee$0$0$0
Note rate6.630%6.630%7.240%
Blended rate7.180%7.357%7.480%
1st payment$3,154.97$3,154.97$3,673.96
2nd payment$0.00$393.48$0.00
Taxes / mo$150.50$150.50$150.50
Insurance / mo$166.67$166.67$166.67
MI / mo$225.72$225.72$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,697.85$4,091.33$4,098.94
Cash to close$112,364$59,900$59,900