Loan Comparison: 5.52% vs 6.5%
15361 Louisiana, Aurora, CO 80017 · 2bd/3ba · $399,900
List Price
$399,900
Assumable Rate
5.52%
Remaining Balance
$372,029
Equity Gap
$27,870
Loan Type
FHAAdjust Your Scenario
$19,995
$19,995$27,870
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 5.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,401/moAssumable @ 5.52% + gap loan
$2,178/moAssumed loan: $2,117/mo
Gap financing: $61/mo
$224less per month with the assumable
Your Savings on This Property
15361 Louisiana, Aurora · 5.52% FHA vs 6.5% conventional
$224
per month
$2,684
per year
$80,530
over 30 years
$80,529
interest saved
How gap financing works: The equity gap ($27,870) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,995, 5% of purchase price) and a second mortgage for the rest ($7,875 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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