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$432,901$432,901$450,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$42,099$0
Funding fee$0$0$0
Note rate6.35%6.35%7.24%
Blended rate6.9%7.341%7.48%
1st payment$2,809.82$2,809.82$3,066.74
2nd payment$0.00$416.60$0.00
Taxes / mo$189.42$189.42$189.42
Insurance / mo$166.67$166.67$166.67
MI / mo$206.97$206.97$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,372.88$3,789.48$3,512.82
Cash to close$67,099$25,000$50,000