FHA
Approved
San Diego, CA 92109
$575,000
Interest Rate
3.50%
Remaining Balance
$425,000
Equity Gap
$150,000
Monthly Payment
$2,070/mo
Original Loan
$460,000
Years Remaining
28
Equity Gap Calculator
Equity Gap$150,000
Second Loan Needed$150,000
Assumed Payment$2,070/mo
Est. Second Loan Payment$1,153/mo
Blended Payment$3,223/mo
New Loan at 7% (comparison)$3,825/mo
Estimated Monthly Savings$602/mo
Assumptions: 7% comparison baseline, 8.5% second loan rate, 30-year amortization. This is an estimate only and does not constitute financial advice.