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$36,489$36,489$292,500
Remaining term (yrs)5.05.030.0
Secondary amount$0$256,011$0
Funding fee$0$0$0
Note rate6.800%6.800%7.240%
Blended rate7.650%7.738%7.480%
1st payment$709.18$709.18$1,993.38
2nd payment$0.00$1,653.41$0.00
Taxes / mo$125.92$125.92$125.92
Insurance / mo$150.00$150.00$150.00
MI / mo$77.05$77.05$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,062.16$2,715.56$2,327.80
Cash to close$288,511$32,500$32,500