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$224,650$224,650$293,310
Remaining term (yrs)28.628.630.0
Secondary amount$0$68,660$0
Funding fee$0$0$0
Note rate6.760%6.760%7.240%
Blended rate7.310%7.706%7.480%
1st payment$1,479.80$1,479.80$1,998.90
2nd payment$0.00$514.95$0.00
Taxes / mo$43.83$43.83$43.83
Insurance / mo$150.00$150.00$150.00
MI / mo$104.46$104.46$58.66
HOA / mo$0.00$0.00$0.00
Total monthly$1,778.10$2,293.04$2,251.40
Cash to close$101,250$32,590$32,590