Loan Comparison: 5.52% vs 6.5%
14353 1st, Aurora, CO 80011 · 2bd/2ba · $284,900
List Price
$284,900
Assumable Rate
5.52%
Remaining Balance
$268,823
Equity Gap
$16,077
Loan Type
FHAAdjust Your Scenario
$14,245
$14,245$16,077
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 5.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,711/moAssumable @ 5.52% + gap loan
$1,544/moAssumed loan: $1,530/mo
Gap financing: $14/mo
$167less per month with the assumable
Your Savings on This Property
14353 1st, Aurora · 5.52% FHA vs 6.5% conventional
$167
per month
$2,003
per year
$60,089
over 30 years
$60,089
interest saved
How gap financing works: The equity gap ($16,077) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,245, 5% of purchase price) and a second mortgage for the rest ($1,832 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.