Loan Comparison: 3.69% vs 6.5%
14486 Hawaii, Aurora, CO 80012 · 2bd/2ba · $264,499
List Price
$264,499
Assumable Rate
3.69%
Remaining Balance
$126,026
Equity Gap
$138,473
Loan Type
FHAAdjust Your Scenario
$13,225
$13,225$138,473
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (FHA)
Blended Rate: 6.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,588/moAssumable @ 3.69% + gap loan
$1,542/moAssumed loan: $579/mo
Gap financing: $963/mo
$46less per month with the assumable
Your Savings on This Property
14486 Hawaii, Aurora · 3.69% FHA vs 6.5% conventional
$46
per month
$550
per year
$16,492
over 30 years
$16,492
interest saved
How gap financing works: The equity gap ($138,473) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,225, 5% of purchase price) and a second mortgage for the rest ($125,248 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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