Loan Comparison: 3.45% vs 6.5%
7855 Kalispell, Englewood, CO 80112 ยท 3bd/2ba ยท $340,000
List Price
$340,000
Assumable Rate
3.45%
Remaining Balance
$368,994
Equity Gap
$-28,994
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-28,994) is less than 5% of the purchase price ($17,000). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-28,994
Effective Rate
3.45%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,042/moAssumable @ 3.45%
$1,647/mo$395less per month with the assumable
Your Savings on This Property
7855 Kalispell, Englewood ยท 3.45% FHA vs 6.5% conventional
$395
per month
$4,739
per year
$142,169
over 30 years
$188,163
interest saved
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