Loan Comparison: 5.22% vs 6.5%
5121 Pelican, Brighton, CO 80601 ยท 4bd/3ba ยท $514,900
List Price
$514,900
Assumable Rate
5.22%
Remaining Balance
$508,146
Equity Gap
$6,754
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($6,754) is less than 5% of the purchase price ($25,745). Your down payment covers the full gap with no second mortgage required.
Down Payment
$6,754
Effective Rate
5.22%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 5.22%
$2,797/mo$295less per month with the assumable
Your Savings on This Property
5121 Pelican, Brighton ยท 5.22% FHA vs 6.5% conventional
$295
per month
$3,543
per year
$106,281
over 30 years
$125,272
interest saved
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