Loan Comparison: 2.83% vs 6.5%
12543 Pacific, Aurora, CO 80014 · 2bd/2ba · $288,000
List Price
$288,000
Assumable Rate
2.83%
Remaining Balance
$226,951
Equity Gap
$61,048
Loan Type
FHAAdjust Your Scenario
$14,400
$14,400$61,048
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (FHA)
Blended Rate: 3.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,729/moAssumable @ 2.83% + gap loan
$1,295/moAssumed loan: $936/mo
Gap financing: $359/mo
$435less per month with the assumable
Your Savings on This Property
12543 Pacific, Aurora · 2.83% FHA vs 6.5% conventional
$435
per month
$5,214
per year
$156,421
over 30 years
$156,420
interest saved
How gap financing works: The equity gap ($61,048) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,400, 5% of purchase price) and a second mortgage for the rest ($46,648 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 12543 Pacific.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.