🏠The Assumable Guy

Loan Comparison: 5.41% vs 6.5%

1453 Pierce, Lakewood, CO 80232 · 4bd/2ba · $365,000

List Price
$365,000
Assumable Rate
5.41%
Remaining Balance
$368,966
Equity Gap
$-3,966
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-3,966) is less than 5% of the purchase price ($18,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-3,966
Effective Rate
5.41%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,192/mo
Assumable @ 5.41%
$2,074/mo
$118less per month with the assumable

Your Savings on This Property

1453 Pierce, Lakewood · 5.41% FHA vs 6.5% conventional

$118
per month
$1,410
per year
$42,312
over 30 years
$64,528
interest saved
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