Loan Comparison: 3.62% vs 6.5%
22822 Union, Aurora, CO 80015 · 6bd/4ba · $675,000
List Price
$675,000
Assumable Rate
3.62%
Remaining Balance
$386,599
Equity Gap
$288,400
Loan Type
FHAAdjust Your Scenario
$33,750
$33,750$288,400
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (FHA)
Blended Rate: 5.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 3.62% + gap loan
$3,720/moAssumed loan: $1,762/mo
Gap financing: $1,958/mo
$333less per month with the assumable
Your Savings on This Property
22822 Union, Aurora · 3.62% FHA vs 6.5% conventional
$333
per month
$3,997
per year
$119,915
over 30 years
$119,914
interest saved
How gap financing works: The equity gap ($288,400) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,750, 5% of purchase price) and a second mortgage for the rest ($254,650 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 22822 Union.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.