Loan Comparison: 2.84% vs 6.5%
15497 Louisiana Avenue, Aurora, CO 80017 · 2bd/1ba · $275,000
List Price
$275,000
Assumable Rate
2.84%
Remaining Balance
$254,141
Equity Gap
$20,859
Loan Type
FHAAdjust Your Scenario
$13,750
$13,750$20,859
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (FHA)
Blended Rate: 2.97%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,651/moAssumable @ 2.84% + gap loan
$1,099/moAssumed loan: $1,050/mo
Gap financing: $50/mo
$552less per month with the assumable
Your Savings on This Property
15497 Louisiana Avenue, Aurora · 2.84% FHA vs 6.5% conventional
$552
per month
$6,623
per year
$198,687
over 30 years
$198,687
interest saved
How gap financing works: The equity gap ($20,859) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,750, 5% of purchase price) and a second mortgage for the rest ($7,109 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.
🏠
Back to This Listing
View photos, details, and request a showing for 15497 Louisiana Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.