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$47,144$47,144$306,000
Remaining term (yrs)14.614.630.0
Secondary amount$0$258,856$0
Funding fee$0$0$0
Note rate4.710%4.710%7.240%
Blended rate5.560%7.413%7.480%
1st payment$371.46$371.46$2,085.38
2nd payment$0.00$1,671.78$0.00
Taxes / mo$177.83$177.83$177.83
Insurance / mo$150.00$150.00$150.00
MI / mo$50.67$50.67$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$749.97$2,421.74$2,474.42
Cash to close$292,856$34,000$34,000