Loan Comparison: 6.74% vs 6.5%
3736 Fairplay Way, Aurora, CO 80014 ยท 1bd/1ba ยท $400,000
List Price
$400,000
Assumable Rate
6.74%
Remaining Balance
$384,507
Equity Gap
$15,493
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($15,493) is less than 5% of the purchase price ($20,000). Your down payment covers the full gap with no second mortgage required.
Down Payment
$15,493
Effective Rate
6.74%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 6.74%
$2,491/moYour Savings on This Property
3736 Fairplay Way, Aurora ยท 6.74% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
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