Loan Comparison: 2.94% vs 6.5%
14324 Hawaii Circle, Aurora, CO 80012 · 4bd/3ba · $243,000
List Price
$243,000
Assumable Rate
2.94%
Remaining Balance
$210,546
Equity Gap
$32,453
Loan Type
FHAAdjust Your Scenario
$12,150
$12,150$32,453
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (FHA)
Blended Rate: 3.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,459/moAssumable @ 2.94% + gap loan
$1,023/moAssumed loan: $881/mo
Gap financing: $142/mo
$436less per month with the assumable
Your Savings on This Property
14324 Hawaii Circle, Aurora · 2.94% FHA vs 6.5% conventional
$436
per month
$5,236
per year
$157,066
over 30 years
$157,065
interest saved
How gap financing works: The equity gap ($32,453) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,150, 5% of purchase price) and a second mortgage for the rest ($20,303 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 14324 Hawaii Circle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.