Live numbers
Run the deal before you talk to anyone.
Same formulas we use to structure it. Illustrative, not a quote. HELOC tab is GA, FL, TN, AL, NC, SC only.
$
$
25%
7.500%
$
1.20%
0.45%
Scenario
1.00x
Under 1.00x. Still a door.
Flexible DSCR from 620 and no-ratio take it. More down, same door.
- Loan amount
- $318,750
- PITIA / mo
- $2,813
- Cash flow / mo
- -$13
- Cash to close*
- $119,000
*Down payment plus an assumed 3% in closing costs.