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$194,585$194,585$422,100
Remaining term (yrs)22.022.030.0
Secondary amount$0$227,515$0
Funding fee$0$0$0
Note rate6.570%6.570%7.240%
Blended rate7.120%7.460%7.480%
1st payment$1,393.15$1,393.15$2,876.60
2nd payment$0.00$1,469.37$0.00
Taxes / mo$202.00$202.00$202.00
Insurance / mo$166.67$166.67$166.67
MI / mo$93.96$93.96$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,855.78$3,325.15$3,329.69
Cash to close$274,415$46,900$46,900