Loan Comparison: 4.12% vs 6.5%
22800 Briarwood, Aurora, CO 80016 · 3bd/3ba · $448,500
List Price
$448,500
Assumable Rate
4.12%
Remaining Balance
$171,769
Equity Gap
$276,730
Loan Type
FHAAdjust Your Scenario
$22,425
$22,425$276,730
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.12% (FHA)
Blended Rate: 6.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,693/moAssumable @ 4.12% + gap loan
$2,787/moAssumed loan: $832/mo
Gap financing: $1,955/mo
Your Savings on This Property
22800 Briarwood, Aurora · 4.12% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($276,730) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,425, 5% of purchase price) and a second mortgage for the rest ($254,305 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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