Coya Beaston

(615) 969-3457
Dan Frey Home Loans
Call Coya

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$55,274$55,274$85,500
Remaining term (yrs)11.711.730.0
Secondary amount$0$30,226$0
Funding fee$0$0$0
Note rate6.010%6.010%7.240%
Blended rate6.860%7.617%7.480%
1st payment$544.87$544.87$582.68
2nd payment$0.00$226.70$0.00
Taxes / mo$120.83$120.83$120.83
Insurance / mo$150.00$150.00$150.00
MI / mo$64.30$64.30$17.10
HOA / mo$0.00$0.00$0.00
Total monthly$880.00$1,106.70$870.61
Cash to close$39,726$9,500$9,500