FHA
Approved
San Diego, CA 92115
$625,000
Interest Rate
3.75%
Remaining Balance
$470,000
Equity Gap
$155,000
Monthly Payment
$2,340/mo
Original Loan
$500,000
Years Remaining
26
Equity Gap Calculator
Equity Gap$155,000
Second Loan Needed$155,000
Assumed Payment$2,340/mo
Est. Second Loan Payment$1,192/mo
Blended Payment$3,532/mo
New Loan at 7% (comparison)$4,158/mo
Estimated Monthly Savings$626/mo
Assumptions: 7% comparison baseline, 8.5% second loan rate, 30-year amortization. This is an estimate only and does not constitute financial advice.