Loan Comparison: 6.12% vs 6.5%
1410 Vaughn Circle, Aurora, CO 80012 · 4bd/2ba · $525,000
List Price
$525,000
Assumable Rate
6.12%
Remaining Balance
$460,412
Equity Gap
$64,587
Loan Type
FHAAdjust Your Scenario
$26,250
$26,250$64,587
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.12% (FHA)
Blended Rate: 6.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 6.12% + gap loan
$3,064/moAssumed loan: $2,796/mo
Gap financing: $268/mo
$88less per month with the assumable
Your Savings on This Property
1410 Vaughn Circle, Aurora · 6.12% FHA vs 6.5% conventional
$88
per month
$1,060
per year
$31,809
over 30 years
$31,808
interest saved
How gap financing works: The equity gap ($64,587) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($38,337 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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