Loan Comparison: 2.97% vs 6.5%
1306 Carson Way, Aurora, CO 80012 · 4bd/2ba · $270,000
List Price
$270,000
Assumable Rate
2.97%
Remaining Balance
$164,117
Equity Gap
$105,882
Loan Type
FHAAdjust Your Scenario
$13,500
$13,500$105,882
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.97% (FHA)
Blended Rate: 4.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,621/moAssumable @ 2.97% + gap loan
$1,335/moAssumed loan: $689/mo
Gap financing: $646/mo
$286less per month with the assumable
Your Savings on This Property
1306 Carson Way, Aurora · 2.97% FHA vs 6.5% conventional
$286
per month
$3,432
per year
$102,973
over 30 years
$102,972
interest saved
How gap financing works: The equity gap ($105,882) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,500, 5% of purchase price) and a second mortgage for the rest ($92,382 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 1306 Carson Way.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.