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$589,949$589,949$612,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$56,051$0
Funding fee$0$0$0
Note rate6.2%6.2%7.24%
Blended rate6.75%7.195%7.48%
1st payment$3,699.58$3,699.58$4,170.77
2nd payment$0.00$554.67$0.00
Taxes / mo$246.17$246.17$246.17
Insurance / mo$166.67$166.67$166.67
MI / mo$276.85$276.85$122.40
HOA / mo$7.50$7.50$7.50
Total monthly$4,396.76$4,951.44$4,713.50
Cash to close$90,051$34,000$68,000