Loan Comparison: 3.08% vs 6.5%
1444 Helena Circle, Aurora, CO 80017 · 4bd/2ba · $445,000
List Price
$445,000
Assumable Rate
3.08%
Remaining Balance
$347,359
Equity Gap
$97,640
Loan Type
FHAAdjust Your Scenario
$22,250
$22,250$97,640
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (FHA)
Blended Rate: 3.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 3.08% + gap loan
$2,007/moAssumed loan: $1,480/mo
Gap financing: $527/mo
$665less per month with the assumable
Your Savings on This Property
1444 Helena Circle, Aurora · 3.08% FHA vs 6.5% conventional
$665
per month
$7,985
per year
$239,551
over 30 years
$239,550
interest saved
How gap financing works: The equity gap ($97,640) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($75,390 at 7.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
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