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$249,183$249,183$405,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$155,817$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.502%7.640%
1st payment$1,204.06$1,204.06$2,804.14
2nd payment$0.00$1,038.78$0.00
Taxes / mo$214.58$214.58$214.58
Insurance / mo$150.00$150.00$150.00
MI / mo$199.98$199.98$81.00
HOA / mo$50.00$50.00$50.00
Total monthly$1,818.62$2,857.40$3,299.72
Cash to close$200,817$45,000$45,000