Loan Comparison: 6.33% vs 6.5%
22079 Belleview Place, Aurora, CO 80015 · 5bd/3ba · $520,000
List Price
$520,000
Assumable Rate
6.33%
Remaining Balance
$453,559
Equity Gap
$66,441
Loan Type
FHAAdjust Your Scenario
$26,000
$26,000$66,441
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.33% (FHA)
Blended Rate: 6.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 6.33% + gap loan
$3,099/moAssumed loan: $2,816/mo
Gap financing: $283/mo
$23less per month with the assumable
Your Savings on This Property
22079 Belleview Place, Aurora · 6.33% FHA vs 6.5% conventional
$23
per month
$280
per year
$8,411
over 30 years
$8,411
interest saved
How gap financing works: The equity gap ($66,441) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($40,441 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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