Loan Comparison: 5.22% vs 6.5%
1861 Dunkirk, Aurora, CO 80017 · 2bd/2ba · $365,000
List Price
$365,000
Assumable Rate
5.22%
Remaining Balance
$317,056
Equity Gap
$47,944
Loan Type
FHAAdjust Your Scenario
$18,250
$18,250$47,944
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.22% (FHA)
Blended Rate: 5.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 5.22% + gap loan
$1,973/moAssumed loan: $1,745/mo
Gap financing: $228/mo
$218less per month with the assumable
Your Savings on This Property
1861 Dunkirk, Aurora · 5.22% FHA vs 6.5% conventional
$218
per month
$2,622
per year
$78,648
over 30 years
$78,648
interest saved
How gap financing works: The equity gap ($47,944) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($29,694 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 1861 Dunkirk.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.