As of this morning, WSJ Prime is 7.75%, so I would expect the rate to be over 8% at the very least.

@Maynhia Stott  Baltimore has considered dropping to 12%.

Closing another this month at 11.75 cap rate.

Hi Nate - It'd be worth asking the lender for a detailed breakdown of closing costs for this program, as well as an estimate of the interest rate you'd get with today's rates (they'll probably need to pull your credit to do this).

It is confusing why the cashflow dropped.

Everything I've read shows PA peaked in 2022 and has dropped 5-6% since then. 

If rates drop in the future, refinancing again could lower your payment, but it’s good to make sure the numbers work now just in case.

You used to easily be able to do this with 2 unit properties, but with prices and rates today it's hard to make this work anymore, unfortunately.

If this is financing for a stabilized property rate carries more importance but rate combined with origination fees, pre-payment penalty and term in which you intend on keeping the loan in place are all considerations which together should help in deciding the best financing option.

Here are some top-rated floor plan apps that meet your criteria and might work better for your needs:1.