Loan Comparison: 2.84% vs 6.5%
1662 Idalia, Aurora, CO 80017 · 2bd/2ba · $319,995
List Price
$319,995
Assumable Rate
2.84%
Remaining Balance
$230,517
Equity Gap
$87,443
Loan Type
FHAAdjust Your Scenario
$16,000
$16,000$87,443
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (FHA)
Blended Rate: 4.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,921/moAssumable @ 2.84% + gap loan
$1,501/moAssumed loan: $952/mo
Gap financing: $549/mo
$420less per month with the assumable
Your Savings on This Property
1662 Idalia, Aurora · 2.84% FHA vs 6.5% conventional
$420
per month
$5,040
per year
$151,211
over 30 years
$149,176
interest saved
How gap financing works: The equity gap ($87,443) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,000, 5% of purchase price) and a second mortgage for the rest ($71,443 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 1662 Idalia.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.