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$250,084$250,084$301,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$51,416$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.291%7.640%
1st payment$1,627.61$1,627.61$2,087.53
2nd payment$0.00$385.62$0.00
Taxes / mo$123.42$123.42$123.42
Insurance / mo$150.00$150.00$150.00
MI / mo$119.39$119.39$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,020.42$2,406.04$2,421.24
Cash to close$84,916$33,500$33,500