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$16,570$16,570$225,000
Remaining term (yrs)4.94.930.0
Secondary amount$0$208,430$0
Funding fee$0$0$0
Note rate4.220%4.220%7.240%
Blended rate5.070%7.553%7.480%
1st payment$302.28$302.28$1,533.37
2nd payment$0.00$1,346.11$0.00
Taxes / mo$156.25$156.25$156.25
Insurance / mo$150.00$150.00$150.00
MI / mo$34.67$34.67$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$643.20$1,989.31$1,884.62
Cash to close$233,430$25,000$25,000