Loan Comparison: 3.72% vs 6.5%
19268 Caspian, Aurora, CO 80013 · 4bd/4ba · $550,000
List Price
$550,000
Assumable Rate
3.72%
Remaining Balance
$379,351
Equity Gap
$170,649
Loan Type
FHAAdjust Your Scenario
$27,500
$27,500$170,649
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (FHA)
Blended Rate: 5.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 3.72% + gap loan
$2,851/moAssumed loan: $1,750/mo
Gap financing: $1,101/mo
$451less per month with the assumable
Your Savings on This Property
19268 Caspian, Aurora · 3.72% FHA vs 6.5% conventional
$451
per month
$5,418
per year
$162,533
over 30 years
$162,533
interest saved
How gap financing works: The equity gap ($170,649) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($143,149 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.
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