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$85,355$85,355$404,999
Remaining term (yrs)12.612.630.0
Secondary amount$0$319,644$0
Funding fee$0$0$0
Note rate4.750%4.750%7.240%
Blended rate5.600%7.297%7.480%
1st payment$748.39$748.39$2,760.06
2nd payment$0.00$2,064.37$0.00
Taxes / mo$119.42$119.42$119.42
Insurance / mo$150.00$150.00$150.00
MI / mo$101.62$101.62$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,119.43$3,183.80$3,110.48
Cash to close$364,644$45,000$45,000