Loan Comparison: 3.73% vs 6.5%
25811 5th Place, Aurora, CO 80018 · 3bd/2ba · $532,000
List Price
$532,000
Assumable Rate
3.73%
Remaining Balance
$329,716
Equity Gap
$202,283
Loan Type
FHAAdjust Your Scenario
$26,600
$26,600$202,283
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.73% (FHA)
Blended Rate: 5.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,194/moAssumable @ 3.73% + gap loan
$2,752/moAssumed loan: $1,523/mo
Gap financing: $1,228/mo
$443less per month with the assumable
Your Savings on This Property
25811 5th Place, Aurora · 3.73% FHA vs 6.5% conventional
$443
per month
$5,314
per year
$159,424
over 30 years
$159,423
interest saved
How gap financing works: The equity gap ($202,283) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,600, 5% of purchase price) and a second mortgage for the rest ($175,683 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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