Loan Comparison: 6.33% vs 6.5%
2625 Xanadu Way, Aurora, CO 80014 · 3bd/1ba · $339,900
List Price
$339,900
Assumable Rate
6.33%
Remaining Balance
$319,606
Equity Gap
$20,294
Loan Type
FHAAdjust Your Scenario
$16,995
$16,995$20,294
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.33% (FHA)
Blended Rate: 6.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,041/moAssumable @ 6.33% + gap loan
$2,008/moAssumed loan: $1,985/mo
Gap financing: $23/mo
$33less per month with the assumable
Your Savings on This Property
2625 Xanadu Way, Aurora · 6.33% FHA vs 6.5% conventional
$33
per month
$401
per year
$12,018
over 30 years
$12,018
interest saved
How gap financing works: The equity gap ($20,294) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,995, 5% of purchase price) and a second mortgage for the rest ($3,299 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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