Loan Comparison: 5.23% vs 6.5%
2426 82nd Place, Westminster, CO 80031 · 2bd/2ba · $389,990
List Price
$389,990
Assumable Rate
5.23%
Remaining Balance
$374,200
Equity Gap
$15,789
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($15,789) is less than 5% of the purchase price ($19,500). Your down payment covers the full gap with no second mortgage required.
Down Payment
$15,789
Effective Rate
5.23%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,342/moAssumable @ 5.23%
$2,062/mo$280less per month with the assumable
Your Savings on This Property
2426 82nd Place, Westminster · 5.23% FHA vs 6.5% conventional
$280
per month
$3,360
per year
$100,814
over 30 years
$104,523
interest saved
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