Loan Comparison: 2.18% vs 6.5%
4481 Pioneer, Greeley, CO 80634 ยท 2bd/2ba ยท $370,000
List Price
$370,000
Assumable Rate
2.18%
Remaining Balance
$420,035
Equity Gap
$-50,035
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-50,035) is less than 5% of the purchase price ($18,500). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-50,035
Effective Rate
2.18%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,222/moAssumable @ 2.18%
$1,591/mo$631less per month with the assumable
Your Savings on This Property
4481 Pioneer, Greeley ยท 2.18% FHA vs 6.5% conventional
$631
per month
$7,573
per year
$227,199
over 30 years
$295,734
interest saved
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