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$60,163$60,163$173,700
Remaining term (yrs)18.418.430.0
Secondary amount$0$113,537$0
Funding fee$0$0$0
Note rate3.670%3.670%7.400%
Blended rate4.520%6.795%7.640%
1st payment$373.73$373.73$1,202.66
2nd payment$0.00$756.92$0.00
Taxes / mo$92.00$92.00$92.00
Insurance / mo$150.00$150.00$150.00
MI / mo$57.73$57.73$34.74
HOA / mo$0.00$0.00$0.00
Total monthly$673.46$1,430.37$1,479.40
Cash to close$132,837$19,300$19,300