Loan Comparison: 3.19% vs 6.5%
17477 Rice Circle, Aurora, CO 80015 · 5bd/4ba · $199,000
List Price
$199,000
Assumable Rate
3.19%
Remaining Balance
$113,241
Equity Gap
$85,758
Loan Type
FHAAdjust Your Scenario
$9,950
$9,950$85,758
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.19% (FHA)
Blended Rate: 4.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,195/moAssumable @ 3.19% + gap loan
$1,019/moAssumed loan: $489/mo
Gap financing: $530/mo
$176less per month with the assumable
Your Savings on This Property
17477 Rice Circle, Aurora · 3.19% FHA vs 6.5% conventional
$176
per month
$2,109
per year
$63,271
over 30 years
$63,270
interest saved
How gap financing works: The equity gap ($85,758) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($9,950, 5% of purchase price) and a second mortgage for the rest ($75,808 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 17477 Rice Circle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.