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$285,627$285,627$337,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$51,873$0
Funding fee$0$0$0
Note rate6.650%6.650%7.240%
Blended rate7.200%7.477%7.480%
1st payment$1,910.60$1,910.60$2,300.06
2nd payment$0.00$389.05$0.00
Taxes / mo$77.25$77.25$77.25
Insurance / mo$150.00$150.00$150.00
MI / mo$136.41$136.41$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,274.26$2,663.31$2,594.81
Cash to close$89,373$37,500$37,500