Loan Comparison: 2.74% vs 6.5%
3750 Granby Way, Aurora, CO 80014 ยท 1bd/1ba ยท $240,000
List Price
$240,000
Assumable Rate
2.74%
Remaining Balance
$229,033
Equity Gap
$10,966
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($10,966) is less than 5% of the purchase price ($12,000). Your down payment covers the full gap with no second mortgage required.
Down Payment
$10,966
Effective Rate
2.74%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,441/moAssumable @ 2.74%
$934/mo$507less per month with the assumable
Your Savings on This Property
3750 Granby Way, Aurora ยท 2.74% FHA vs 6.5% conventional
$507
per month
$6,088
per year
$182,635
over 30 years
$183,668
interest saved
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