Loan Comparison: 2.89% vs 6.5%
4532 Quemoy Street, Aurora, CO 80019 · 2bd/3ba · $444,900
List Price
$444,900
Assumable Rate
2.89%
Remaining Balance
$318,402
Equity Gap
$126,497
Loan Type
FHAAdjust Your Scenario
$22,245
$22,245$126,497
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (FHA)
Blended Rate: 4.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,671/moAssumable @ 2.89% + gap loan
$2,053/moAssumed loan: $1,324/mo
Gap financing: $729/mo
$619less per month with the assumable
Your Savings on This Property
4532 Quemoy Street, Aurora · 2.89% FHA vs 6.5% conventional
$619
per month
$7,427
per year
$222,819
over 30 years
$222,818
interest saved
How gap financing works: The equity gap ($126,497) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,245, 5% of purchase price) and a second mortgage for the rest ($104,252 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 4532 Quemoy Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.