Loan Comparison: 3.62% vs 6.5%
11648 Cedar Avenue, Aurora, CO 80012 · 3bd/3ba · $235,000
List Price
$235,000
Assumable Rate
3.62%
Remaining Balance
$168,460
Equity Gap
$66,540
Loan Type
FHAAdjust Your Scenario
$11,750
$11,750$66,540
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (FHA)
Blended Rate: 4.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,411/moAssumable @ 3.62% + gap loan
$1,151/moAssumed loan: $768/mo
Gap financing: $383/mo
$260less per month with the assumable
Your Savings on This Property
11648 Cedar Avenue, Aurora · 3.62% FHA vs 6.5% conventional
$260
per month
$3,122
per year
$93,673
over 30 years
$93,673
interest saved
How gap financing works: The equity gap ($66,540) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,750, 5% of purchase price) and a second mortgage for the rest ($54,790 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 11648 Cedar Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.