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 · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$220,624$220,624$292,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$71,876$0
Funding fee$1,103$1,103$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.489%7.640%
1st payment$1,077.84$1,077.84$2,025.21
2nd payment$0.00$539.07$0.00
Taxes / mo$105.25$105.25$105.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,333.09$1,872.16$2,338.96
Cash to close$104,376$32,500$32,500