Loan Comparison: 3.76% vs 6.5%
4250 Olive, Denver, CO 80237 ยท 2bd/2ba ยท $250,000
List Price
$250,000
Assumable Rate
3.76%
Remaining Balance
$362,903
Equity Gap
$-112,903
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-112,903) is less than 5% of the purchase price ($12,500). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-112,903
Effective Rate
3.76%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,501/moAssumable @ 3.76%
$1,683/moYour Savings on This Property
4250 Olive, Denver ยท 3.76% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$60,042
interest saved
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