Loan Comparison: 3.18% vs 6.5%
22750 Progress Avenue, Aurora, CO 80013 · 3bd/4ba · $574,999
List Price
$574,999
Assumable Rate
3.18%
Remaining Balance
$376,146
Equity Gap
$198,852
Loan Type
FHAAdjust Your Scenario
$28,750
$28,750$198,852
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.18% (FHA)
Blended Rate: 4.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 3.18% + gap loan
$2,812/moAssumed loan: $1,623/mo
Gap financing: $1,189/mo
$641less per month with the assumable
Your Savings on This Property
22750 Progress Avenue, Aurora · 3.18% FHA vs 6.5% conventional
$641
per month
$7,688
per year
$230,649
over 30 years
$230,648
interest saved
How gap financing works: The equity gap ($198,852) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($170,102 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 22750 Progress Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.