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$267,446$267,446$476,999
Remaining term (yrs)23.323.330.0
Secondary amount$0$209,553$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%5.967%7.640%
1st payment$1,427.13$1,427.13$3,302.65
2nd payment$0.00$1,353.36$0.00
Taxes / mo$233.75$233.75$233.75
Insurance / mo$166.67$166.67$166.67
MI / mo$219.08$219.08$95.40
HOA / mo$80.00$80.00$80.00
Total monthly$2,126.63$3,479.99$3,878.46
Cash to close$262,553$53,000$53,000