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$40,823$40,823$211,262
Remaining term (yrs)8.58.530.0
Secondary amount$0$170,440$0
Funding fee$0$0$0
Note rate5.85%5.85%7.24%
Blended rate6.7%7.749%7.48%
1st payment$505.08$505.08$1,439.75
2nd payment$0.00$1,136.27$0.00
Taxes / mo$104.58$104.58$104.58
Insurance / mo$150.00$150.00$150.00
MI / mo$60.64$60.64$42.25
HOA / mo$0.00$0.00$0.00
Total monthly$820.31$1,956.57$1,736.59
Cash to close$193,913$23,474$23,474