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$16,428$16,428$585,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$568,572$0
Funding fee$0$0$0
Note rate7.040%7.040%7.240%
Blended rate7.590%7.746%7.480%
1st payment$115.83$115.83$3,986.76
2nd payment$0.00$3,672.03$0.00
Taxes / mo$118.67$118.67$118.67
Insurance / mo$166.67$166.67$166.67
MI / mo$7.69$7.69$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$408.86$4,080.88$4,389.10
Cash to close$633,572$65,000$65,000