Loan Comparison: 4.98% vs 6.5%
4424 Quemoy, Aurora, CO 80019 · 5bd/5ba · $589,500
List Price
$589,500
Assumable Rate
4.98%
Remaining Balance
$521,458
Equity Gap
$64,085
Loan Type
FHAAdjust Your Scenario
$29,475
$29,475$64,085
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (FHA)
Blended Rate: 5.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,540/moAssumable @ 4.98% + gap loan
$3,059/moAssumed loan: $2,793/mo
Gap financing: $266/mo
$481less per month with the assumable
Your Savings on This Property
4424 Quemoy, Aurora · 4.98% FHA vs 6.5% conventional
$481
per month
$5,768
per year
$173,048
over 30 years
$169,091
interest saved
How gap financing works: The equity gap ($64,085) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,475, 5% of purchase price) and a second mortgage for the rest ($34,610 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 4424 Quemoy.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.