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
FHANo 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/moAssumable @ 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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