Loan Comparison: 2.89% vs 6.5%
11217 Grant, Northglenn, CO 80233 · 2bd/1ba · $220,000
List Price
$220,000
Assumable Rate
2.89%
Remaining Balance
$225,391
Equity Gap
$-5,391
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-5,391) is less than 5% of the purchase price ($11,000). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-5,391
Effective Rate
2.89%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,321/moAssumable @ 2.89%
$937/mo$384less per month with the assumable
Your Savings on This Property
11217 Grant, Northglenn · 2.89% FHA vs 6.5% conventional
$384
per month
$4,609
per year
$138,270
over 30 years
$154,661
interest saved
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