🏠The Assumable Guy

Loan Comparison: 5.23% vs 6.5%

1447 Norfolk, Aurora, CO 80011 · 3bd/2ba · $265,000

List Price
$265,000
Assumable Rate
5.23%
Remaining Balance
$259,993
Equity Gap
$5,006
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($5,006) is less than 5% of the purchase price ($13,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$5,006
Effective Rate
5.23%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,591/mo
Assumable @ 5.23%
$1,432/mo
$159less per month with the assumable

Your Savings on This Property

1447 Norfolk, Aurora · 5.23% FHA vs 6.5% conventional

$159
per month
$1,905
per year
$57,153
over 30 years
$65,396
interest saved
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