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$250,806$250,806$270,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$34,194$0
Funding fee$0$0$0
Note rate6.500%6.500%7.240%
Blended rate7.050%7.629%7.480%
1st payment$1,600.09$1,600.09$1,840.04
2nd payment$0.00$338.38$0.00
Taxes / mo$83.67$83.67$83.67
Insurance / mo$150.00$150.00$150.00
MI / mo$116.03$116.03$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,949.78$2,288.16$2,127.71
Cash to close$49,194$15,000$30,000