Loan Comparison: 3.9% vs 6.5%
17146 Tennessee, Aurora, CO 80017 · 2bd/1ba · $257,900
List Price
$257,900
Assumable Rate
3.9%
Remaining Balance
$135,997
Equity Gap
$120,192
Loan Type
FHAAdjust Your Scenario
$12,895
$12,895$120,192
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.9% (FHA)
Blended Rate: 5.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,549/moAssumable @ 3.9% + gap loan
$1,466/moAssumed loan: $641/mo
Gap financing: $825/mo
$82less per month with the assumable
Your Savings on This Property
17146 Tennessee, Aurora · 3.9% FHA vs 6.5% conventional
$82
per month
$985
per year
$29,564
over 30 years
$27,853
interest saved
How gap financing works: The equity gap ($120,192) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,895, 5% of purchase price) and a second mortgage for the rest ($107,297 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 17146 Tennessee.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.