Loan Comparison: 3.16% vs 6.5%
18274 Arizona Avenue, Aurora, CO 80017 · 5bd/4ba · $280,000
List Price
$280,000
Assumable Rate
3.16%
Remaining Balance
$204,128
Equity Gap
$75,872
Loan Type
FHAAdjust Your Scenario
$14,000
$14,000$75,872
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.16% (FHA)
Blended Rate: 4.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,681/moAssumable @ 3.16% + gap loan
$1,311/moAssumed loan: $878/mo
Gap financing: $433/mo
$370less per month with the assumable
Your Savings on This Property
18274 Arizona Avenue, Aurora · 3.16% FHA vs 6.5% conventional
$370
per month
$4,444
per year
$133,328
over 30 years
$133,328
interest saved
How gap financing works: The equity gap ($75,872) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,000, 5% of purchase price) and a second mortgage for the rest ($61,872 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 18274 Arizona Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.