🏠The Assumable Guy

Loan Comparison: 5.23% vs 6.5%

1057 Ponderosa, Longmont, CO 80504 · 3bd/1ba · $430,000

List Price
$430,000
Assumable Rate
5.23%
Remaining Balance
$447,685
Equity Gap
$-17,685
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-17,685) is less than 5% of the purchase price ($21,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-17,685
Effective Rate
5.23%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,582/mo
Assumable @ 5.23%
$2,467/mo
$115less per month with the assumable

Your Savings on This Property

1057 Ponderosa, Longmont · 5.23% FHA vs 6.5% conventional

$115
per month
$1,385
per year
$41,547
over 30 years
$80,732
interest saved
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