Loan Comparison: 2.73% vs 6.5%
9026 Old Tom Morris, Highlands Ranch, CO 80129 ยท 2bd/3ba ยท $650,000
List Price
$650,000
Assumable Rate
2.73%
Remaining Balance
$701,399
Equity Gap
$-51,399
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-51,399) is less than 5% of the purchase price ($32,500). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-51,399
Effective Rate
2.73%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 2.73%
$2,856/mo$1,047less per month with the assumable
Your Savings on This Property
9026 Old Tom Morris, Highlands Ranch ยท 2.73% FHA vs 6.5% conventional
$1,047
per month
$12,565
per year
$376,936
over 30 years
$460,835
interest saved
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