Loan Comparison: 3.77% vs 6.5%
3604 Nepal Street, Aurora, CO 80013 · 4bd/1ba · $645,000
List Price
$645,000
Assumable Rate
3.77%
Remaining Balance
$370,091
Equity Gap
$274,908
Loan Type
FHAAdjust Your Scenario
$32,250
$32,250$274,908
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (FHA)
Blended Rate: 5.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,873/moAssumable @ 3.77% + gap loan
$3,415/moAssumed loan: $1,718/mo
Gap financing: $1,697/mo
$458less per month with the assumable
Your Savings on This Property
3604 Nepal Street, Aurora · 3.77% FHA vs 6.5% conventional
$458
per month
$5,498
per year
$164,932
over 30 years
$164,931
interest saved
How gap financing works: The equity gap ($274,908) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,250, 5% of purchase price) and a second mortgage for the rest ($242,658 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.
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