🏠The Assumable Guy

Loan Comparison: 3.07% vs 6.5%

1196 Grant Street, Denver, CO 80203 · 3bd/3ba · $225,000

List Price
$225,000
Assumable Rate
3.07%
Remaining Balance
$215,999
Equity Gap
$9,001
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($9,001) is less than 5% of the purchase price ($11,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$9,001
Effective Rate
3.07%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,351/mo
Assumable @ 3.07%
$919/mo
$432less per month with the assumable

Your Savings on This Property

1196 Grant Street, Denver · 3.07% FHA vs 6.5% conventional

$432
per month
$5,187
per year
$155,596
over 30 years
$157,845
interest saved
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