Loan Comparison: 7.03% vs 6.5%
1980 Fultondale Court, Aurora, CO 80018 · 3bd/3ba · $459,900
List Price
$459,900
Assumable Rate
7.03%
Remaining Balance
$424,967
Equity Gap
$34,932
Loan Type
FHAAdjust Your Scenario
$22,995
$22,995$34,932
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.03% (FHA)
Blended Rate: 7.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,762/moAssumable @ 7.03% + gap loan
$2,919/moAssumed loan: $2,836/mo
Gap financing: $83/mo
Your Savings on This Property
1980 Fultondale Court, Aurora · 7.03% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($34,932) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,995, 5% of purchase price) and a second mortgage for the rest ($11,937 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 1980 Fultondale Court.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.