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$220,025$220,025$274,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$54,475$0
Funding fee$0$0$0
Note rate5.3%5.3%7.24%
Blended rate6.15%6.716%7.48%
1st payment$1,302.59$1,302.59$1,870.71
2nd payment$0.00$408.56$0.00
Taxes / mo$182.42$182.42$182.42
Insurance / mo$150.00$150.00$150.00
MI / mo$166.16$166.16$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,801.16$2,209.72$2,258.03
Cash to close$84,975$30,500$30,500