Loan Comparison: 4.17% vs 6.5%
20927 Kelly, Denver, CO 80249 ยท 3bd/2ba ยท $415,000
List Price
$415,000
Assumable Rate
4.17%
Remaining Balance
$434,703
Equity Gap
$-19,703
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-19,703) is less than 5% of the purchase price ($20,750). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-19,703
Effective Rate
4.17%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,492/moAssumable @ 4.17%
$2,118/mo$374less per month with the assumable
Your Savings on This Property
20927 Kelly, Denver ยท 4.17% FHA vs 6.5% conventional
$374
per month
$4,485
per year
$134,554
over 30 years
$175,007
interest saved
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