Loan Comparison: 3.77% vs 6.5%
6345 Ukraine Court, Aurora, CO 80015 · 4bd/4ba · $514,990
List Price
$514,990
Assumable Rate
3.77%
Remaining Balance
$306,222
Equity Gap
$208,767
Loan Type
FHAAdjust Your Scenario
$25,750
$25,750$208,767
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (FHA)
Blended Rate: 5.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 3.77% + gap loan
$2,701/moAssumed loan: $1,422/mo
Gap financing: $1,280/mo
$391less per month with the assumable
Your Savings on This Property
6345 Ukraine Court, Aurora · 3.77% FHA vs 6.5% conventional
$391
per month
$4,692
per year
$140,764
over 30 years
$140,763
interest saved
How gap financing works: The equity gap ($208,767) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($183,017 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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