Loan Comparison: 3.08% vs 6.5%
1444 Helena, Aurora, CO 80017 · 5bd/2ba · $445,000
List Price
$445,000
Assumable Rate
3.08%
Remaining Balance
$351,236
Equity Gap
$92,994
Loan Type
FHAAdjust Your Scenario
$22,250
$22,250$92,994
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (FHA)
Blended Rate: 3.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 3.08% + gap loan
$2,040/moAssumed loan: $1,496/mo
Gap financing: $544/mo
$632less per month with the assumable
Your Savings on This Property
1444 Helena, Aurora · 3.08% FHA vs 6.5% conventional
$632
per month
$7,585
per year
$227,551
over 30 years
$226,781
interest saved
How gap financing works: The equity gap ($92,994) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($70,744 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 1444 Helena.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.