Loan Comparison: 3.51% vs 6.5%
465 Cody, Denver, CO 80226 · 4bd/2ba · $649,000
List Price
$649,000
Assumable Rate
3.51%
Remaining Balance
$615,789
Equity Gap
$31,991
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($31,991) is less than 5% of the purchase price ($32,450). Your down payment covers the full gap with no second mortgage required.
Down Payment
$31,991
Effective Rate
3.51%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,897/moAssumable @ 3.51%
$2,769/mo$1,128less per month with the assumable
Your Savings on This Property
465 Cody, Denver · 3.51% FHA vs 6.5% conventional
$1,128
per month
$13,541
per year
$406,227
over 30 years
$405,466
interest saved
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