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$176,121$176,121$270,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$93,879$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate7.05%7.728%7.48%
1st payment$1,138.34$1,138.34$1,840.04
2nd payment$0.00$704.10$0.00
Taxes / mo$68.75$68.75$68.75
Insurance / mo$150.00$150.00$150.00
MI / mo$82.54$82.54$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,439.63$2,143.73$2,112.79
Cash to close$123,879$30,000$30,000