Loan Comparison: 4.75% vs 6.5%
14220 Alpine Lily, Parker, CO 80134 ยท 3bd/3ba ยท $525,000
List Price
$525,000
Assumable Rate
4.75%
Remaining Balance
$505,828
Equity Gap
$19,172
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($19,172) is less than 5% of the purchase price ($26,250). Your down payment covers the full gap with no second mortgage required.
Down Payment
$19,172
Effective Rate
4.75%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 4.75%
$2,639/mo$514less per month with the assumable
Your Savings on This Property
14220 Alpine Lily, Parker ยท 4.75% FHA vs 6.5% conventional
$514
per month
$6,166
per year
$184,968
over 30 years
$192,046
interest saved
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