Any new owner / investor would need to make these rate changes - compelling the current residence to  move elsewhere (somewhere more affordable).And this is why the residence are looking to make a Co-Opp.

In April, shopped around a bit with a different agency, but they couldn’t find a cheaper rate.

@Robin Simon one is a second home loan with a great rate and the other is a hard money DSCR loan also with a great 30 year fixed rate (thanks to the covid rates).

Rates should decrease, but the issue with that is that when rates drop, people can pay more.

We have used this attorney for more than a decade and have a grandfathered rate.

We have used this attorney for more than a decade and have a grandfathered rate.

One has a CAP rate of 5% and the other has a cap rate of 10%, I am going to, 100% of the time, without a doubt buy the one that has the higher CAP rate. 

Does anyone have, or is anyone aware of a calculator with inputs to show me whether a seller paid 3-2-1 rate buy down vs price reduction is best, where I have ability to input for how many years. 

SFH with %8+ cap rate.

However since the purchase is high, mortgage on a 7.12% interest rate for 30yr rate plus HO insurance etc is about $4300 a month. should I follow that 25% rule or not.