Loan Comparison: 7.04% vs 6.5%
14883 Maple Place, Aurora, CO 80012 · 3bd/2ba · $525,000
List Price
$525,000
Assumable Rate
7.04%
Remaining Balance
$232,638
Equity Gap
$292,361
Loan Type
FHAAdjust Your Scenario
$26,250
$26,250$292,361
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.04% (FHA)
Blended Rate: 7.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 7.04% + gap loan
$3,415/moAssumed loan: $1,554/mo
Gap financing: $1,861/mo
Your Savings on This Property
14883 Maple Place, Aurora · 7.04% 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 ($292,361) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($266,111 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 14883 Maple Place.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.