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$232,514$232,514$405,000
Remaining term (yrs)15.815.830.0
Secondary amount$0$172,486$0
Funding fee$0$0$0
Note rate4.650%4.650%7.400%
Blended rate5.500%6.565%7.640%
1st payment$1,725.17$1,725.17$2,804.14
2nd payment$0.00$1,149.90$0.00
Taxes / mo$76.83$76.83$76.83
Insurance / mo$150.00$150.00$150.00
MI / mo$190.71$190.71$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,142.71$3,292.62$3,111.97
Cash to close$217,486$45,000$45,000