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$309,128$309,128$346,500
Remaining term (yrs)29.229.230.0
Secondary amount$0$37,372$0
Funding fee$0$0$0
Note rate6.220%6.220%7.240%
Blended rate6.770%7.011%7.480%
1st payment$1,914.11$1,914.11$2,361.39
2nd payment$0.00$280.29$0.00
Taxes / mo$215.83$215.83$215.83
Insurance / mo$150.00$150.00$150.00
MI / mo$142.94$142.94$69.30
HOA / mo$55.00$55.00$55.00
Total monthly$2,477.88$2,758.17$2,851.52
Cash to close$75,872$38,500$38,500