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$38,881$38,881$220,500
Remaining term (yrs)5.85.830.0
Secondary amount$0$181,619$0
Funding fee$0$0$0
Note rate6.340%6.340%7.240%
Blended rate7.190%7.857%7.480%
1st payment$650.62$650.62$1,502.70
2nd payment$0.00$1,210.80$0.00
Taxes / mo$211.92$211.92$211.92
Insurance / mo$150.00$150.00$150.00
MI / mo$74.14$74.14$44.10
HOA / mo$17.92$17.92$17.92
Total monthly$1,104.60$2,315.40$1,926.64
Cash to close$206,119$24,500$24,500