FHA
Approved
Pacific Beach, CA 92109
$850,000
Interest Rate
3.50%
Remaining Balance
$625,000
Equity Gap
$225,000
Monthly Payment
$2,820/mo
Original Loan
$680,000
Years Remaining
26
Equity Gap Calculator
Equity Gap$225,000
Second Loan Needed$225,000
Assumed Payment$2,820/mo
Est. Second Loan Payment$1,730/mo
Blended Payment$4,550/mo
New Loan at 7% (comparison)$5,655/mo
Estimated Monthly Savings$1,105/mo
Assumptions: 7% comparison baseline, 8.5% second loan rate, 30-year amortization. This is an estimate only and does not constitute financial advice.