Loan Comparison: 2.83% vs 6.5%

14343 Dickinson, Aurora, CO 80014 ยท 1bd/1ba ยท $230,000

List Price
$230,000
Assumable Rate
2.83%
Remaining Balance
$229,550
Equity Gap
$449
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($449) is less than 5% of the purchase price ($11,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$449
Effective Rate
2.83%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,381/mo
Assumable @ 2.83%
$947/mo
$434less per month with the assumable

Your Savings on This Property

14343 Dickinson, Aurora ยท 2.83% FHA vs 6.5% conventional

$434
per month
$5,210
per year
$156,310
over 30 years
$167,360
interest saved
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