Loan Comparison: 5.23% vs 6.5%
5775 29th Street, Greeley, CO 80634 · 3bd/3ba · $285,000
List Price
$285,000
Assumable Rate
5.23%
Remaining Balance
$282,526
Equity Gap
$2,473
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($2,473) is less than 5% of the purchase price ($14,250). Your down payment covers the full gap with no second mortgage required.
Down Payment
$2,473
Effective Rate
5.23%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,711/moAssumable @ 5.23%
$1,557/mo$155less per month with the assumable
Your Savings on This Property
5775 29th Street, Greeley · 5.23% FHA vs 6.5% conventional
$155
per month
$1,856
per year
$55,693
over 30 years
$67,469
interest saved
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