FHA
Approved
San Diego, CA 92103
$888,000
Interest Rate
2.45%
Remaining Balance
$425,000
Equity Gap
$463,000
Monthly Payment
$2,800/mo
Original Loan
$580,000
Years Remaining
25
Equity Gap Calculator
Equity Gap$463,000
Second Loan Needed$463,000
Assumed Payment$2,800/mo
Est. Second Loan Payment$3,560/mo
Blended Payment$6,360/mo
New Loan at 7% (comparison)$5,908/mo
Estimated Monthly Savings$-452/mo
Assumptions: 7% comparison baseline, 8.5% second loan rate, 30-year amortization. This is an estimate only and does not constitute financial advice.