RS Equity Partners
Call Ray

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$405,931$405,931$549,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$143,069$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%4.976%7.640%
1st payment$1,950.71$1,950.71$3,801.17
2nd payment$0.00$953.80$0.00
Taxes / mo$201.83$201.83$201.83
Insurance / mo$166.67$166.67$166.67
MI / mo$325.24$325.24$109.80
HOA / mo$699.00$699.00$699.00
Total monthly$3,343.44$4,297.24$4,978.47
Cash to close$204,069$61,000$61,000