Loan Comparison: 5.25% vs 6.5%
4074 Picadilly, Aurora, CO 80019 · 3bd/3ba · $450,000
List Price
$450,000
Assumable Rate
5.25%
Remaining Balance
$490,222
Equity Gap
$-40,222
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-40,222) is less than 5% of the purchase price ($22,500). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-40,222
Effective Rate
5.25%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 5.25%
$2,707/moYour Savings on This Property
4074 Picadilly, Aurora · 5.25% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$60,946
interest saved
🏠
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