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$36,053$36,053$265,500
Remaining term (yrs)6.46.430.0
Secondary amount$0$229,447$0
Funding fee$0$0$0
Note rate5.79%5.79%7.24%
Blended rate6.64%7.599%7.48%
1st payment$555.74$555.74$1,809.38
2nd payment$0.00$1,481.85$0.00
Taxes / mo$166.83$166.83$166.83
Insurance / mo$150.00$150.00$150.00
MI / mo$67.16$67.16$53.10
HOA / mo$410.00$410.00$410.00
Total monthly$1,349.73$2,831.58$2,589.31
Cash to close$258,947$29,500$29,500