Loan Comparison: 3.51% vs 6.5%
1510 De Gaulle Circle, Aurora, CO 80018 · 4bd/3ba · $691,500
List Price
$691,500
Assumable Rate
3.51%
Remaining Balance
$608,863
Equity Gap
$82,636
Loan Type
FHAAdjust Your Scenario
$34,575
$34,575$82,636
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.51% (FHA)
Blended Rate: 3.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,152/moAssumable @ 3.51% + gap loan
$3,074/moAssumed loan: $2,737/mo
Gap financing: $336/mo
$1,079less per month with the assumable
Your Savings on This Property
1510 De Gaulle Circle, Aurora · 3.51% FHA vs 6.5% conventional
$1,079
per month
$12,944
per year
$388,331
over 30 years
$388,330
interest saved
How gap financing works: The equity gap ($82,636) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,575, 5% of purchase price) and a second mortgage for the rest ($48,061 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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