🏠The Assumable Guy

Loan Comparison: 5.23% vs 6.5%

5323 Spalding, Longmont, CO 80504 · 3bd/3ba · $399,000

List Price
$399,000
Assumable Rate
5.23%
Remaining Balance
$429,320
Equity Gap
$-30,320
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-30,320) is less than 5% of the purchase price ($19,950). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-30,320
Effective Rate
5.23%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,396/mo
Assumable @ 5.23%
$2,365/mo
$30less per month with the assumable

Your Savings on This Property

5323 Spalding, Longmont · 5.23% FHA vs 6.5% conventional

$30
per month
$365
per year
$10,961
over 30 years
$61,231
interest saved
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