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$405,530$405,530$521,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$116,380$0
Funding fee$0$0$0
Note rate6.500%6.500%7.240%
Blended rate7.050%7.262%7.480%
1st payment$2,618.37$2,618.37$3,556.81
2nd payment$0.00$775.86$0.00
Taxes / mo$138.50$138.50$138.50
Insurance / mo$166.67$166.67$166.67
MI / mo$187.74$187.74$104.38
HOA / mo$0.00$0.00$0.00
Total monthly$3,111.29$3,887.15$3,966.36
Cash to close$174,370$57,990$57,990