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$240,416$240,416$261,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$35,084$0
Funding fee$0$0$0
Note rate5.890%5.890%7.240%
Blended rate6.740%7.394%7.480%
1st payment$1,507.16$1,507.16$1,778.71
2nd payment$0.00$347.18$0.00
Taxes / mo$165.08$165.08$165.08
Insurance / mo$150.00$150.00$150.00
MI / mo$180.18$180.18$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,002.43$2,349.61$2,145.99
Cash to close$49,584$14,500$29,000