Loan Comparison: 3.45% vs 6.5%
12234 Berkeley, Denver, CO 80239 · 5bd/2ba · $450,000
List Price
$450,000
Assumable Rate
3.45%
Remaining Balance
$439,090
Equity Gap
$10,910
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($10,910) is less than 5% of the purchase price ($22,500). Your down payment covers the full gap with no second mortgage required.
Down Payment
$10,910
Effective Rate
3.45%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 3.45%
$1,959/mo$743less per month with the assumable
Your Savings on This Property
12234 Berkeley, Denver · 3.45% FHA vs 6.5% conventional
$743
per month
$8,911
per year
$267,341
over 30 years
$278,931
interest saved
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