Loan Comparison: 2.83% vs 6.5%
17600 Loyola, Aurora, CO 80013 · 1bd/1ba · $199,000
List Price
$199,000
Assumable Rate
2.83%
Remaining Balance
$164,583
Equity Gap
$34,417
Loan Type
FHAAdjust Your Scenario
$9,950
$9,950$34,417
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (FHA)
Blended Rate: 3.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,195/moAssumable @ 2.83% + gap loan
$867/moAssumed loan: $679/mo
Gap financing: $188/mo
$328less per month with the assumable
Your Savings on This Property
17600 Loyola, Aurora · 2.83% FHA vs 6.5% conventional
$328
per month
$3,935
per year
$118,046
over 30 years
$118,046
interest saved
How gap financing works: The equity gap ($34,417) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($9,950, 5% of purchase price) and a second mortgage for the rest ($24,467 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 17600 Loyola.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.