Loan Comparison: 4.15% vs 6.5%
2825 Yates, Denver, CO 80236 ยท 3bd/2ba ยท $475,000
List Price
$475,000
Assumable Rate
4.15%
Remaining Balance
$565,576
Equity Gap
$-90,576
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-90,576) is less than 5% of the purchase price ($23,750). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-90,576
Effective Rate
4.15%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 4.15%
$2,749/mo$103less per month with the assumable
Your Savings on This Property
2825 Yates, Denver ยท 4.15% FHA vs 6.5% conventional
$103
per month
$1,235
per year
$37,052
over 30 years
$151,378
interest saved
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