Loan Comparison: 5.52% vs 6.5%
8225 Fairmount, Denver, CO 80247 ยท 2bd/2ba ยท $285,000
List Price
$285,000
Assumable Rate
5.52%
Remaining Balance
$311,612
Equity Gap
$-26,612
Loan Type
VANo Secondary Financing Needed
The equity gap on this property ($-26,612) is less than 5% of the purchase price ($14,250). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-26,612
Effective Rate
5.52%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,711/moAssumable @ 5.52%
$1,773/moYour Savings on This Property
8225 Fairmount, Denver ยท 5.52% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$18,583
interest saved
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