Loan Comparison: 3.27% vs 6.5%
25171 Nova, Aurora, CO 80016 · 6bd/6ba · $975,000
List Price
$975,000
Assumable Rate
3.27%
Remaining Balance
$665,731
Equity Gap
$470,366
Loan Type
FHAAdjust Your Scenario
$48,750
$48,750$470,366
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.27% (FHA)
Blended Rate: 5.30%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,855/moAssumable @ 3.27% + gap loan
$6,146/moAssumed loan: $2,905/mo
Gap financing: $3,242/mo
Your Savings on This Property
25171 Nova, Aurora · 3.27% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$55,996
interest saved
How gap financing works: The equity gap ($470,366) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($48,750, 5% of purchase price) and a second mortgage for the rest ($421,616 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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