Loan Comparison: 6.66% vs 6.5%
6431 Ider Street, Aurora, CO 80016 · 3bd/3ba · $599,000
List Price
$599,000
Assumable Rate
6.66%
Remaining Balance
$15,635
Equity Gap
$583,365
Loan Type
FHAAdjust Your Scenario
$29,950
$29,950$583,365
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.66% (FHA)
Blended Rate: 7.48%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,597/moAssumable @ 6.66% + gap loan
$3,970/moAssumed loan: $100/mo
Gap financing: $3,870/mo
Your Savings on This Property
6431 Ider Street, Aurora · 6.66% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($583,365) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,950, 5% of purchase price) and a second mortgage for the rest ($553,415 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 6431 Ider Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.