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$124,381$124,381$144,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$27,619$0
Funding fee$0$0$0
Note rate6.750%6.750%7.240%
Blended rate7.600%8.377%7.480%
1st payment$843.82$843.82$981.36
2nd payment$0.00$273.31$0.00
Taxes / mo$47.25$47.25$47.25
Insurance / mo$150.00$150.00$150.00
MI / mo$92.15$92.15$28.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,133.22$1,406.53$1,207.41
Cash to close$35,619$8,000$16,000