Loan Comparison: 6.82% vs 6.5%
1154 Kalispell Street, Aurora, CO 80017 · 2bd/1ba · $529,999
List Price
$529,999
Assumable Rate
6.82%
Remaining Balance
$479,076
Equity Gap
$50,922
Loan Type
FHAAdjust Your Scenario
$26,500
$26,500$50,922
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.82% (FHA)
Blended Rate: 6.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 6.82% + gap loan
$3,300/moAssumed loan: $3,130/mo
Gap financing: $171/mo
Your Savings on This Property
1154 Kalispell Street, Aurora · 6.82% 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 ($50,922) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,500, 5% of purchase price) and a second mortgage for the rest ($24,422 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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