🏠The Assumable Guy

Loan Comparison: 2.94% vs 6.5%

5816 LaSalle, Timnath, CO 80547 · 3bd/3ba · $599,000

List Price
$599,000
Assumable Rate
2.94%
Remaining Balance
$675,585
Equity Gap
$-76,585
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-76,585) is less than 5% of the purchase price ($29,950). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-76,585
Effective Rate
2.94%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,597/mo
Assumable @ 2.94%
$2,826/mo
$770less per month with the assumable

Your Savings on This Property

5816 LaSalle, Timnath · 2.94% FHA vs 6.5% conventional

$770
per month
$9,244
per year
$277,310
over 30 years
$383,845
interest saved
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