Loan Comparison: 5.52% vs 6.5%
4073 Quatar, Aurora, CO 80019 · 3bd/3ba · $549,900
List Price
$549,900
Assumable Rate
5.52%
Remaining Balance
$495,552
Equity Gap
$54,347
Loan Type
FHAAdjust Your Scenario
$27,495
$27,495$54,347
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 5.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,302/moAssumable @ 5.52% + gap loan
$3,026/moAssumed loan: $2,820/mo
Gap financing: $206/mo
$276less per month with the assumable
Your Savings on This Property
4073 Quatar, Aurora · 5.52% FHA vs 6.5% conventional
$276
per month
$3,307
per year
$99,207
over 30 years
$99,206
interest saved
How gap financing works: The equity gap ($54,347) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,495, 5% of purchase price) and a second mortgage for the rest ($26,852 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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