Loan Comparison: 3.45% vs 6.5%
19306 58th, Aurora, CO 80019 · 3bd/2ba · $450,000
List Price
$450,000
Assumable Rate
3.45%
Remaining Balance
$341,180
Equity Gap
$108,820
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$108,820
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 4.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 3.45% + gap loan
$2,186/moAssumed loan: $1,523/mo
Gap financing: $664/mo
$516less per month with the assumable
Your Savings on This Property
19306 58th, Aurora · 3.45% FHA vs 6.5% conventional
$516
per month
$6,190
per year
$185,695
over 30 years
$185,695
interest saved
How gap financing works: The equity gap ($108,820) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($86,320 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 19306 58th.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.