🏠The Assumable Guy

Loan Comparison: 5.1% vs 6.5%

2402 Mountair Lane, Greeley, CO 80634 · 4bd/3ba · $420,000

List Price
$420,000
Assumable Rate
5.1%
Remaining Balance
$412,883
Equity Gap
$7,116
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($7,116) is less than 5% of the purchase price ($21,000). Your down payment covers the full gap with no second mortgage required.

Down Payment
$7,116
Effective Rate
5.1%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,522/mo
Assumable @ 5.1%
$2,242/mo
$280less per month with the assumable

Your Savings on This Property

2402 Mountair Lane, Greeley · 5.1% FHA vs 6.5% conventional

$280
per month
$3,362
per year
$100,873
over 30 years
$114,756
interest saved
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