Loan Comparison: 3.69% vs 6.5%
14486 Hawaii, Aurora, CO 80012 · 2bd/2ba · $264,900
List Price
$264,900
Assumable Rate
3.69%
Remaining Balance
$126,730
Equity Gap
$138,170
Loan Type
FHAAdjust Your Scenario
$13,245
$13,245$138,170
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (FHA)
Blended Rate: 6.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,591/moAssumable @ 3.69% + gap loan
$1,543/moAssumed loan: $583/mo
Gap financing: $961/mo
$47less per month with the assumable
Your Savings on This Property
14486 Hawaii, Aurora · 3.69% FHA vs 6.5% conventional
$47
per month
$570
per year
$17,088
over 30 years
$17,088
interest saved
How gap financing works: The equity gap ($138,170) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,245, 5% of purchase price) and a second mortgage for the rest ($124,925 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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