Loan Comparison: 6.5% vs 6.5%
322 Peoria Circle, Aurora, CO 80012 · 3bd/3ba · $425,000
List Price
$425,000
Assumable Rate
6.5%
Remaining Balance
$393,455
Equity Gap
$31,545
Loan Type
FHAAdjust Your Scenario
$21,250
$21,250$31,545
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (FHA)
Blended Rate: 6.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 6.5% + gap loan
$2,559/moAssumed loan: $2,487/mo
Gap financing: $72/mo
Your Savings on This Property
322 Peoria Circle, Aurora · 6.5% 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 ($31,545) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($10,295 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 322 Peoria Circle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.