🏠The Assumable Guy

Loan Comparison: 3.07% vs 6.5%

1196 Grant, Denver, CO 80203 · 1bd/1ba · $225,000

List Price
$225,000
Assumable Rate
3.07%
Remaining Balance
$216,928
Equity Gap
$7,609
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($7,609) is less than 5% of the purchase price ($11,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$7,609
Effective Rate
3.07%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,351/mo
Assumable @ 3.07%
$923/mo
$428less per month with the assumable

Your Savings on This Property

1196 Grant, Denver · 3.07% FHA vs 6.5% conventional

$428
per month
$5,139
per year
$154,173
over 30 years
$157,351
interest saved
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