Loan Comparison: 4.27% vs 6.5%
13937 Bails Place, Aurora, CO 80012 · 3bd/2ba · $310,000
List Price
$310,000
Assumable Rate
4.27%
Remaining Balance
$195,340
Equity Gap
$114,659
Loan Type
FHAAdjust Your Scenario
$15,500
$15,500$114,659
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.27% (FHA)
Blended Rate: 5.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,861/moAssumable @ 4.27% + gap loan
$1,657/moAssumed loan: $963/mo
Gap financing: $693/mo
$205less per month with the assumable
Your Savings on This Property
13937 Bails Place, Aurora · 4.27% FHA vs 6.5% conventional
$205
per month
$2,458
per year
$73,750
over 30 years
$73,749
interest saved
How gap financing works: The equity gap ($114,659) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,500, 5% of purchase price) and a second mortgage for the rest ($99,159 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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