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$249,991$249,991$310,410
Remaining term (yrs)26.626.630.0
Secondary amount$0$60,419$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.301%7.640%
1st payment$1,619.10$1,619.10$2,149.22
2nd payment$0.00$453.14$0.00
Taxes / mo$123.42$123.42$123.42
Insurance / mo$150.00$150.00$150.00
MI / mo$119.39$119.39$62.08
HOA / mo$0.00$0.00$0.00
Total monthly$2,011.90$2,465.04$2,484.71
Cash to close$94,909$34,490$34,490