🏠The Assumable Guy

Loan Comparison: 5.23% vs 6.5%

5323 Spalding, Longmont, CO 80504 · 3bd/3ba · $425,000

List Price
$425,000
Assumable Rate
5.23%
Remaining Balance
$457,928
Equity Gap
$-32,928
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-32,928) is less than 5% of the purchase price ($21,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-32,928
Effective Rate
5.23%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,552/mo
Assumable @ 5.23%
$2,523/mo
$29less per month with the assumable

Your Savings on This Property

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

$29
per month
$347
per year
$10,422
over 30 years
$64,600
interest saved
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