Loan Comparison: 2.83% vs 6.5%
24798 Florida, Aurora, CO 80018 · 4bd/3ba · $559,950
List Price
$559,950
Assumable Rate
2.83%
Remaining Balance
$180,904
Equity Gap
$379,045
Loan Type
FHAAdjust Your Scenario
$27,998
$27,998$379,045
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (FHA)
Blended Rate: 6.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,362/moAssumable @ 2.83% + gap loan
$3,445/moAssumed loan: $746/mo
Gap financing: $2,699/mo
Your Savings on This Property
24798 Florida, Aurora · 2.83% 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 ($379,045) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,998, 5% of purchase price) and a second mortgage for the rest ($351,047 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 24798 Florida.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.