🏠The Assumable Guy

Loan Comparison: 2.87% vs 6.5%

11718 Canal, Aurora, CO 80011 · 3bd/3ba · $310,000

List Price
$310,000
Assumable Rate
2.87%
Remaining Balance
$304,533
Equity Gap
$2,109
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($2,109) is less than 5% of the purchase price ($15,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$2,109
Effective Rate
2.87%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,861/mo
Assumable @ 2.87%
$1,263/mo
$599less per month with the assumable

Your Savings on This Property

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

$599
per month
$7,185
per year
$215,557
over 30 years
$225,590
interest saved
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