Loan Comparison: 6.81% vs 6.5%
24770 39th Avenue, Aurora, CO 80019 · 4bd/3ba · $610,000
List Price
$610,000
Assumable Rate
6.81%
Remaining Balance
$572,100
Equity Gap
$37,899
Loan Type
FHAAdjust Your Scenario
$30,500
$30,500$37,899
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.81% (FHA)
Blended Rate: 6.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,663/moAssumable @ 6.81% + gap loan
$3,785/moAssumed loan: $3,733/mo
Gap financing: $52/mo
Your Savings on This Property
24770 39th Avenue, Aurora · 6.81% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($37,899) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,500, 5% of purchase price) and a second mortgage for the rest ($7,399 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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