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$209,017$209,017$449,100
Remaining term (yrs)19.219.230.0
Secondary amount$0$240,083$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%6.372%7.640%
1st payment$1,288.63$1,288.63$3,109.48
2nd payment$0.00$1,550.54$0.00
Taxes / mo$184.00$184.00$184.00
Insurance / mo$166.67$166.67$166.67
MI / mo$192.58$192.58$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,831.88$3,382.42$3,549.96
Cash to close$289,983$49,900$49,900