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$92,598$92,598$337,410
Remaining term (yrs)15.715.730.0
Secondary amount$0$244,812$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.899%7.640%
1st payment$649.33$649.33$2,336.16
2nd payment$0.00$1,581.08$0.00
Taxes / mo$95.25$95.25$95.25
Insurance / mo$150.00$150.00$150.00
MI / mo$98.71$98.71$67.48
HOA / mo$36.67$36.67$36.67
Total monthly$1,029.96$2,611.04$2,685.56
Cash to close$282,302$37,490$37,490