Loan Comparison: 3.08% vs 6.5%
11576 Bayaud Drive, Aurora, CO 80012 · 3bd/3ba · $257,900
List Price
$257,900
Assumable Rate
3.08%
Remaining Balance
$226,289
Equity Gap
$31,610
Loan Type
FHAAdjust Your Scenario
$12,895
$12,895$31,610
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (FHA)
Blended Rate: 3.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,549/moAssumable @ 3.08% + gap loan
$1,095/moAssumed loan: $964/mo
Gap financing: $131/mo
$454less per month with the assumable
Your Savings on This Property
11576 Bayaud Drive, Aurora · 3.08% FHA vs 6.5% conventional
$454
per month
$5,447
per year
$163,406
over 30 years
$163,405
interest saved
How gap financing works: The equity gap ($31,610) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,895, 5% of purchase price) and a second mortgage for the rest ($18,715 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 11576 Bayaud Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.