Loan Comparison: 2.83% vs 6.5%
14343 Dickinson, Aurora, CO 80014 · 1bd/1ba · $220,000
List Price
$220,000
Assumable Rate
2.83%
Remaining Balance
$229,018
Equity Gap
$-9,018
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-9,018) is less than 5% of the purchase price ($11,000). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-9,018
Effective Rate
2.83%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,321/moAssumable @ 2.83%
$945/mo$376less per month with the assumable
Your Savings on This Property
14343 Dickinson, Aurora · 2.83% FHA vs 6.5% conventional
$376
per month
$4,516
per year
$135,484
over 30 years
$155,502
interest saved
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