Loan Comparison: 3.8% vs 6.5%
18255 Alabama, Aurora, CO 80017 · 3bd/3ba · $310,000
List Price
$310,000
Assumable Rate
3.8%
Remaining Balance
$228,022
Equity Gap
$81,978
Loan Type
FHAAdjust Your Scenario
$15,500
$15,500$81,978
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.8% (FHA)
Blended Rate: 4.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,861/moAssumable @ 3.8% + gap loan
$1,574/moAssumed loan: $1,062/mo
Gap financing: $511/mo
$288less per month with the assumable
Your Savings on This Property
18255 Alabama, Aurora · 3.8% FHA vs 6.5% conventional
$288
per month
$3,454
per year
$103,607
over 30 years
$103,607
interest saved
How gap financing works: The equity gap ($81,978) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,500, 5% of purchase price) and a second mortgage for the rest ($66,478 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 18255 Alabama.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.