Loan Comparison: 4.52% vs 6.5%
4120 Himalaya Way, Aurora, CO 80013 · 4bd/4ba · $550,000
List Price
$550,000
Assumable Rate
4.52%
Remaining Balance
$124,875
Equity Gap
$425,125
Loan Type
FHAAdjust Your Scenario
$27,500
$27,500$425,125
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.52% (FHA)
Blended Rate: 6.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 4.52% + gap loan
$3,414/moAssumed loan: $634/mo
Gap financing: $2,780/mo
Your Savings on This Property
4120 Himalaya Way, Aurora · 4.52% 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 ($425,125) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($397,625 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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