Loan Comparison: 3.88% vs 6.5%
1579 Telluride, Aurora, CO 80017 · 4bd/2ba · $475,000
List Price
$475,000
Assumable Rate
3.88%
Remaining Balance
$261,735
Equity Gap
$213,264
Loan Type
FHAAdjust Your Scenario
$23,750
$23,750$213,264
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.88% (FHA)
Blended Rate: 5.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 3.88% + gap loan
$2,689/moAssumed loan: $1,232/mo
Gap financing: $1,457/mo
$163less per month with the assumable
Your Savings on This Property
1579 Telluride, Aurora · 3.88% FHA vs 6.5% conventional
$163
per month
$1,962
per year
$58,854
over 30 years
$58,853
interest saved
How gap financing works: The equity gap ($213,264) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($189,514 at 8.5%). 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 1579 Telluride.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.