Loan Comparison: 3.72% vs 6.5%
19268 Caspian Place, Aurora, CO 80013 · 1bd/1ba · $503,000
List Price
$503,000
Assumable Rate
3.72%
Remaining Balance
$375,238
Equity Gap
$127,761
Loan Type
FHAAdjust Your Scenario
$25,150
$25,150$127,761
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (FHA)
Blended Rate: 4.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,020/moAssumable @ 3.72% + gap loan
$2,449/moAssumed loan: $1,731/mo
Gap financing: $717/mo
$571less per month with the assumable
Your Savings on This Property
19268 Caspian Place, Aurora · 3.72% FHA vs 6.5% conventional
$571
per month
$6,858
per year
$205,726
over 30 years
$205,725
interest saved
How gap financing works: The equity gap ($127,761) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,150, 5% of purchase price) and a second mortgage for the rest ($102,611 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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