🏠The Assumable Guy

Loan Comparison: 3.62% vs 6.5%

3141 Tamarac, Denver, CO 80231 · 2bd/2ba · $185,000

List Price
$185,000
Assumable Rate
3.62%
Remaining Balance
$191,035
Equity Gap
$-6,035
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-6,035) is less than 5% of the purchase price ($9,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-6,035
Effective Rate
3.62%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,111/mo
Assumable @ 3.62%
$871/mo
$240less per month with the assumable

Your Savings on This Property

3141 Tamarac, Denver · 3.62% FHA vs 6.5% conventional

$240
per month
$2,882
per year
$86,465
over 30 years
$101,750
interest saved
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