Loan Comparison: 5.52% vs 6.5%
995 Miller, Lakewood, CO 80226 · 2bd/1ba · $300,000
List Price
$300,000
Assumable Rate
5.52%
Remaining Balance
$291,842
Equity Gap
$8,158
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($8,158) is less than 5% of the purchase price ($15,000). Your down payment covers the full gap with no second mortgage required.
Down Payment
$8,158
Effective Rate
5.52%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,801/moAssumable @ 5.52%
$1,661/mo$141less per month with the assumable
Your Savings on This Property
995 Miller, Lakewood · 5.52% FHA vs 6.5% conventional
$141
per month
$1,688
per year
$50,646
over 30 years
$57,488
interest saved
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