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$225,457$225,457$369,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$143,543$0
Funding fee$0$0$0
Note rate4.25%4.25%7.24%
Blended rate5.1%6.228%7.48%
1st payment$1,284.24$1,284.24$2,514.73
2nd payment$0.00$956.95$0.00
Taxes / mo$116.67$116.67$116.67
Insurance / mo$150.00$150.00$150.00
MI / mo$181.80$181.80$73.80
HOA / mo$25.00$25.00$25.00
Total monthly$1,757.70$2,714.66$2,880.19
Cash to close$184,543$41,000$41,000