Loan Comparison: 6.26% vs 6.5%

3713 Catmint Street, Wellington, CO 80549 ยท 3bd/3ba ยท $490,000

List Price
$490,000
Assumable Rate
6.26%
Remaining Balance
$467,970
Equity Gap
$22,029
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($22,029) is less than 5% of the purchase price ($24,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$22,029
Effective Rate
6.26%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,942/mo
Assumable @ 6.26%
$2,884/mo
$58less per month with the assumable

Your Savings on This Property

3713 Catmint Street, Wellington ยท 6.26% FHA vs 6.5% conventional

$58
per month
$694
per year
$20,830
over 30 years
$23,300
interest saved
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