Loan Comparison: 3.06% vs 6.5%
1387 Danube Court, Aurora, CO 80017 · 3bd/2ba · $324,800
List Price
$324,800
Assumable Rate
3.06%
Remaining Balance
$234,571
Equity Gap
$90,229
Loan Type
FHAAdjust Your Scenario
$16,240
$16,240$90,229
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (FHA)
Blended Rate: 4.12%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,950/moAssumable @ 3.06% + gap loan
$1,514/moAssumed loan: $997/mo
Gap financing: $517/mo
$436less per month with the assumable
Your Savings on This Property
1387 Danube Court, Aurora · 3.06% FHA vs 6.5% conventional
$436
per month
$5,237
per year
$157,104
over 30 years
$157,104
interest saved
How gap financing works: The equity gap ($90,229) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,240, 5% of purchase price) and a second mortgage for the rest ($73,989 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 1387 Danube Court.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.