Loan Comparison: 5.22% vs 6.5%
3550 Harlan, Denver, CO 80235 ยท 2bd/2ba ยท $250,000
List Price
$250,000
Assumable Rate
5.22%
Remaining Balance
$284,418
Equity Gap
$-34,418
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-34,418) is less than 5% of the purchase price ($12,500). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-34,418
Effective Rate
5.22%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,501/moAssumable @ 5.22%
$1,565/moYour Savings on This Property
3550 Harlan, Denver ยท 5.22% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$23,833
interest saved
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