Loan Comparison: 3.25% vs 6.5%
128 Moline, Aurora, CO 80012 · 2bd/2ba · $260,000
List Price
$260,000
Assumable Rate
3.25%
Remaining Balance
$194,719
Equity Gap
$65,280
Loan Type
FHAAdjust Your Scenario
$13,000
$13,000$65,280
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.25% (FHA)
Blended Rate: 4.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,561/moAssumable @ 3.25% + gap loan
$1,249/moAssumed loan: $847/mo
Gap financing: $402/mo
$312less per month with the assumable
Your Savings on This Property
128 Moline, Aurora · 3.25% FHA vs 6.5% conventional
$312
per month
$3,741
per year
$112,245
over 30 years
$112,244
interest saved
How gap financing works: The equity gap ($65,280) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,000, 5% of purchase price) and a second mortgage for the rest ($52,280 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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