Loan Comparison: 3.45% vs 6.5%
4628 Nepal Way, Aurora, CO 80015 · 5bd/3ba · $525,000
List Price
$525,000
Assumable Rate
3.45%
Remaining Balance
$340,763
Equity Gap
$184,236
Loan Type
FHAAdjust Your Scenario
$26,250
$26,250$184,236
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 4.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.45% + gap loan
$2,625/moAssumed loan: $1,521/mo
Gap financing: $1,105/mo
$527less per month with the assumable
Your Savings on This Property
4628 Nepal Way, Aurora · 3.45% FHA vs 6.5% conventional
$527
per month
$6,325
per year
$189,754
over 30 years
$189,753
interest saved
How gap financing works: The equity gap ($184,236) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($157,986 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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