Loan Comparison: 4.37% vs 6.5%
1303 Danube Way, Aurora, CO 80017 · 3bd/1ba · $300,000
List Price
$300,000
Assumable Rate
4.37%
Remaining Balance
$158,464
Equity Gap
$141,536
Loan Type
FHAAdjust Your Scenario
$15,000
$15,000$141,536
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.37% (FHA)
Blended Rate: 5.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,801/moAssumable @ 4.37% + gap loan
$1,675/moAssumed loan: $791/mo
Gap financing: $885/mo
$126less per month with the assumable
Your Savings on This Property
1303 Danube Way, Aurora · 4.37% FHA vs 6.5% conventional
$126
per month
$1,511
per year
$45,330
over 30 years
$45,330
interest saved
How gap financing works: The equity gap ($141,536) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,000, 5% of purchase price) and a second mortgage for the rest ($126,536 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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