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$395,550$395,550$404,100
Remaining term (yrs)27.527.530.0
Secondary amount$0$31,000$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.697%7.640%
1st payment$2,652.11$2,652.11$2,797.91
2nd payment$0.00$306.77$0.00
Taxes / mo$72.75$72.75$72.75
Insurance / mo$150.00$150.00$150.00
MI / mo$186.08$186.08$80.82
HOA / mo$290.00$290.00$290.00
Total monthly$3,350.93$3,657.71$3,391.48
Cash to close$53,450$22,450$44,900