🏠The Assumable Guy

Loan Comparison: 2.98% vs 6.5%

14331 Tennessee, Aurora, CO 80012 · 2bd/2ba · $284,999

List Price
$284,999
Assumable Rate
2.98%
Remaining Balance
$287,904
Equity Gap
$-2,905
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-2,905) is less than 5% of the purchase price ($14,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-2,905
Effective Rate
2.98%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,711/mo
Assumable @ 2.98%
$1,211/mo
$501less per month with the assumable

Your Savings on This Property

14331 Tennessee, Aurora · 2.98% FHA vs 6.5% conventional

$501
per month
$6,007
per year
$180,218
over 30 years
$197,373
interest saved
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