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$302,850$302,850$382,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$79,650$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.891%7.640%
1st payment$1,436.34$1,436.34$2,648.35
2nd payment$0.00$597.37$0.00
Taxes / mo$257.92$257.92$257.92
Insurance / mo$150.00$150.00$150.00
MI / mo$242.56$242.56$76.50
HOA / mo$148.00$148.00$148.00
Total monthly$2,234.82$2,832.19$3,280.77
Cash to close$122,150$42,500$42,500