Investor tools
Financing Comparison
A lower rate with points, a larger down payment or a shorter term can each be the better deal, depending on how long you hold. Compare the full cost of the money over your expected hold, side by side.
The figures shown are example values. Replace them with your own; rates, taxes and insurance vary by lender, property and municipality.
| Option 1 | Option 2 | Option 3 | |
|---|---|---|---|
| Loan amount | $320,000 | $300,000 | $300,000 |
| Cash to close | $90,500 | $113,500 | $110,500 |
| Monthly payment (P&I) | $2,183 | $1,971 | $2,613 |
| Interest over the hold | $156,157 | $138,453 | $114,744 |
| Points and fees | $2,500 | $5,500 | $2,500 |
| Cost of the money over the hold | $158,657 | $143,953 | $117,244 (lowest) |
| Loan balance at the end | $292,788 | $272,907 | $195,225 |
| Monthly cash flow | −$16 | $196 | −$447 |
| DSCR | 0.99× | 1.10× | 0.83× |
| Cash-on-cash return | -0.2% | 2.1% | -4.9% |
How this is calculated
- Cash to closeDown payment + points + lender fees + other closing costs
- $90,500
- Interest over the holdPayments made − principal repaid
- $156,157
- Cost of the moneyInterest over the hold + points + lender fees
- $158,657
Values shown in the formulas are for option 1. Not an APR; compare official Loan Estimates from lenders before you decide.
Estimates for information only, not loan offers, appraisals or tax advice. Every input is checked against a stated range, and the formulas are shown under “How this is calculated”. More tools: all investor tools.
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