Loan Comparison: 3.23% vs 6.5%
4524 Picadilly Court, Aurora, CO 80019 · 3bd/3ba · $570,000
List Price
$570,000
Assumable Rate
3.23%
Remaining Balance
$372,688
Equity Gap
$197,312
Loan Type
FHAAdjust Your Scenario
$28,500
$28,500$197,312
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (FHA)
Blended Rate: 4.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,423/moAssumable @ 3.23% + gap loan
$2,798/moAssumed loan: $1,618/mo
Gap financing: $1,180/mo
$624less per month with the assumable
Your Savings on This Property
4524 Picadilly Court, Aurora · 3.23% FHA vs 6.5% conventional
$624
per month
$7,493
per year
$224,790
over 30 years
$224,790
interest saved
How gap financing works: The equity gap ($197,312) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,500, 5% of purchase price) and a second mortgage for the rest ($168,812 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 4524 Picadilly Court.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.