Loan Comparison: 2.81% vs 6.5%
4852 Carson, Aurora, CO 80015 · 5bd/5ba · $799,000
List Price
$799,000
Assumable Rate
2.81%
Remaining Balance
$441,930
Equity Gap
$356,065
Loan Type
FHAAdjust Your Scenario
$39,950
$39,950$356,065
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (FHA)
Blended Rate: 5.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,798/moAssumable @ 2.81% + gap loan
$4,249/moAssumed loan: $1,818/mo
Gap financing: $2,431/mo
$549less per month with the assumable
Your Savings on This Property
4852 Carson, Aurora · 2.81% FHA vs 6.5% conventional
$549
per month
$6,586
per year
$197,584
over 30 years
$196,579
interest saved
How gap financing works: The equity gap ($356,065) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,950, 5% of purchase price) and a second mortgage for the rest ($316,115 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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