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
$269,575
Equity Gap
$15,324
Loan Type
FHAAdjust Your Scenario
$14,245
$14,245$15,324
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 5.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,711/moAssumable @ 5.52% + gap loan
$1,542/moAssumed loan: $1,534/mo
Gap financing: $8/mo
$168less per month with the assumable
Your Savings on This Property
14353 1st, Aurora · 5.52% FHA vs 6.5% conventional
$168
per month
$2,021
per year
$60,633
over 30 years
$60,632
interest saved
How gap financing works: The equity gap ($15,324) 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 ($1,079 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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