Loan Comparison: 4.35% vs 6.5%
1227 Uvalda Street, Aurora, CO 80012 · 5bd/4ba · $310,000
List Price
$310,000
Assumable Rate
4.35%
Remaining Balance
$207,338
Equity Gap
$102,662
Loan Type
FHAAdjust Your Scenario
$15,500
$15,500$102,662
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.35% (FHA)
Blended Rate: 5.28%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,861/moAssumable @ 4.35% + gap loan
$1,642/moAssumed loan: $1,032/mo
Gap financing: $609/mo
$220less per month with the assumable
Your Savings on This Property
1227 Uvalda Street, Aurora · 4.35% FHA vs 6.5% conventional
$220
per month
$2,638
per year
$79,142
over 30 years
$79,142
interest saved
How gap financing works: The equity gap ($102,662) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,500, 5% of purchase price) and a second mortgage for the rest ($87,162 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 1227 Uvalda Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.