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$195,271$195,271$242,100
Remaining term (yrs)26.126.130.0
Secondary amount$0$46,829$0
Funding fee$0$0$0
Note rate6.9%6.9%7.24%
Blended rate7.75%7.992%7.48%
1st payment$1,345.07$1,345.07$1,649.91
2nd payment$0.00$351.22$0.00
Taxes / mo$64.42$64.42$64.42
Insurance / mo$150.00$150.00$150.00
MI / mo$144.66$144.66$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,704.15$2,055.37$1,912.74
Cash to close$73,729$26,900$26,900