Loan Comparison: 3.89% vs 6.5%
1186 Norfolk, Aurora, CO 80017 · 4bd/2ba · $424,000
List Price
$424,000
Assumable Rate
3.89%
Remaining Balance
$462,616
Equity Gap
$-38,616
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-38,616) is less than 5% of the purchase price ($21,200). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-38,616
Effective Rate
3.89%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,546/moAssumable @ 3.89%
$2,179/mo$367less per month with the assumable
Your Savings on This Property
1186 Norfolk, Aurora · 3.89% FHA vs 6.5% conventional
$367
per month
$4,399
per year
$131,978
over 30 years
$191,794
interest saved
🏠
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