Loan Comparison: 3.07% vs 6.5%
1250 Monaco Street, Denver, CO 80224 · 2bd/2ba · $273,000
List Price
$273,000
Assumable Rate
3.07%
Remaining Balance
$286,135
Equity Gap
$-13,135
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-13,135) is less than 5% of the purchase price ($13,650). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-13,135
Effective Rate
3.07%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,639/moAssumable @ 3.07%
$1,217/mo$422less per month with the assumable
Your Savings on This Property
1250 Monaco Street, Denver · 3.07% FHA vs 6.5% conventional
$422
per month
$5,065
per year
$151,950
over 30 years
$178,735
interest saved
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