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
FHA

No 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/mo
Assumable @ 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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