Loan Comparison: 2.85% vs 6.5%
25190 Nova, Aurora, CO 80016 · 5bd/5ba · $949,000
List Price
$949,000
Assumable Rate
2.85%
Remaining Balance
$509,484
Equity Gap
$438,389
Loan Type
FHAAdjust Your Scenario
$47,450
$47,450$438,389
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.85% (FHA)
Blended Rate: 5.30%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,698/moAssumable @ 2.85% + gap loan
$5,113/moAssumed loan: $2,107/mo
Gap financing: $3,006/mo
$585less per month with the assumable
Your Savings on This Property
25190 Nova, Aurora · 2.85% FHA vs 6.5% conventional
$585
per month
$7,025
per year
$210,750
over 30 years
$209,623
interest saved
How gap financing works: The equity gap ($438,389) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($47,450, 5% of purchase price) and a second mortgage for the rest ($390,939 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 25190 Nova.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.