Loan Comparison: 4.17% vs 6.5%
12791 Villanova, Aurora, CO 80014 · 5bd/3ba · $649,000
List Price
$649,000
Assumable Rate
4.17%
Remaining Balance
$404,631
Equity Gap
$244,368
Loan Type
FHAAdjust Your Scenario
$32,450
$32,450$244,368
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (FHA)
Blended Rate: 5.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,897/moAssumable @ 4.17% + gap loan
$3,601/moAssumed loan: $1,972/mo
Gap financing: $1,629/mo
$296less per month with the assumable
Your Savings on This Property
12791 Villanova, Aurora · 4.17% FHA vs 6.5% conventional
$296
per month
$3,551
per year
$106,529
over 30 years
$106,528
interest saved
How gap financing works: The equity gap ($244,368) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,450, 5% of purchase price) and a second mortgage for the rest ($211,918 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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