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$295,823$295,823$458,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$162,277$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.197%7.640%
1st payment$1,389.84$1,389.84$3,171.79
2nd payment$0.00$1,081.85$0.00
Taxes / mo$147.58$147.58$147.58
Insurance / mo$166.67$166.67$166.67
MI / mo$239.28$239.28$91.62
HOA / mo$132.00$132.00$132.00
Total monthly$2,075.37$3,157.22$3,709.66
Cash to close$213,177$50,900$50,900