🏠The Assumable Guy

Loan Comparison: 2.87% vs 6.5%

11718 Canal, Aurora, CO 80011 · 3bd/3ba · $290,000

List Price
$290,000
Assumable Rate
2.87%
Remaining Balance
$303,857
Equity Gap
$-13,857
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-13,857) is less than 5% of the purchase price ($14,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-13,857
Effective Rate
2.87%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,741/mo
Assumable @ 2.87%
$1,260/mo
$481less per month with the assumable

Your Savings on This Property

11718 Canal, Aurora · 2.87% FHA vs 6.5% conventional

$481
per month
$5,778
per year
$173,333
over 30 years
$201,690
interest saved
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