Loan Comparison: 6.46% vs 6.5%
4646 Mobile Way, Aurora, CO 80015 · 4bd/3ba · $444,000
List Price
$444,000
Assumable Rate
6.46%
Remaining Balance
$390,982
Equity Gap
$53,018
Loan Type
FHAAdjust Your Scenario
$22,200
$22,200$53,018
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.46% (FHA)
Blended Rate: 6.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,666/moAssumable @ 6.46% + gap loan
$2,676/moAssumed loan: $2,461/mo
Gap financing: $215/mo
Your Savings on This Property
4646 Mobile Way, Aurora · 6.46% 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 ($53,018) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,200, 5% of purchase price) and a second mortgage for the rest ($30,818 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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