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$67,773$67,773$472,500
Remaining term (yrs)6.76.730.0
Secondary amount$0$404,727$0
Funding fee$0$0$0
Note rate5.24%5.24%7.24%
Blended rate6.09%7.512%7.48%
1st payment$985.07$985.07$3,220.08
2nd payment$0.00$2,613.86$0.00
Taxes / mo$255.33$255.33$255.33
Insurance / mo$166.67$166.67$166.67
MI / mo$126.50$126.50$94.50
HOA / mo$29.00$29.00$29.00
Total monthly$1,562.57$4,176.43$3,765.58
Cash to close$457,227$52,500$52,500