Loan Comparison: 2.65% vs 6.5%
2682 Cathay Way, Aurora, CO 80013 · 3bd/2ba · $265,000
List Price
$265,000
Assumable Rate
2.65%
Remaining Balance
$180,394
Equity Gap
$84,605
Loan Type
FHAAdjust Your Scenario
$13,250
$13,250$84,605
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.65% (FHA)
Blended Rate: 4.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,591/moAssumable @ 2.65% + gap loan
$1,226/moAssumed loan: $727/mo
Gap financing: $499/mo
$365less per month with the assumable
Your Savings on This Property
2682 Cathay Way, Aurora · 2.65% FHA vs 6.5% conventional
$365
per month
$4,385
per year
$131,538
over 30 years
$131,537
interest saved
How gap financing works: The equity gap ($84,605) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,250, 5% of purchase price) and a second mortgage for the rest ($71,355 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 2682 Cathay Way.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.