Loan Comparison: 3.45% vs 6.5%
7769 Algonquian, Aurora, CO 80016 · 2bd/2ba · $550,000
List Price
$550,000
Assumable Rate
3.45%
Remaining Balance
$575,250
Equity Gap
$-25,250
Loan Type
VANo Secondary Financing Needed
The equity gap on this property ($-25,250) is less than 5% of the purchase price ($27,500). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-25,250
Effective Rate
3.45%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 3.45%
$2,567/mo$735less per month with the assumable
Your Savings on This Property
7769 Algonquian, Aurora · 3.45% VA vs 6.5% conventional
$735
per month
$8,825
per year
$264,764
over 30 years
$317,514
interest saved
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