🏠The Assumable Guy

Loan Comparison: 5.23% vs 6.5%

1447 Norfolk, Aurora, CO 80011 · 3bd/2ba · $264,900

List Price
$264,900
Assumable Rate
5.23%
Remaining Balance
$259,612
Equity Gap
$4,526
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($4,526) is less than 5% of the purchase price ($13,245). Your down payment covers the full gap with no second mortgage required.

Down Payment
$4,526
Effective Rate
5.23%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,591/mo
Assumable @ 5.23%
$1,430/mo
$160less per month with the assumable

Your Savings on This Property

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

$160
per month
$1,923
per year
$57,693
over 30 years
$65,650
interest saved
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