🏠The Assumable Guy

Loan Comparison: 2.77% vs 6.5%

6651 Grove Street, Denver, CO 80221 · 2bd/3ba · $290,000

List Price
$290,000
Assumable Rate
2.77%
Remaining Balance
$286,204
Equity Gap
$3,795
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($3,795) is less than 5% of the purchase price ($14,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$3,795
Effective Rate
2.77%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,741/mo
Assumable @ 2.77%
$1,171/mo
$570less per month with the assumable

Your Savings on This Property

6651 Grove Street, Denver · 2.77% FHA vs 6.5% conventional

$570
per month
$6,839
per year
$205,168
over 30 years
$215,872
interest saved
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