Loan Comparison: 4.57% vs 6.5%
1257 Macon, Aurora, CO 80010 · 2bd/1ba · $335,000
List Price
$335,000
Assumable Rate
4.57%
Remaining Balance
$235,572
Equity Gap
$111,597
Loan Type
FHAAdjust Your Scenario
$16,750
$16,750$111,597
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.57% (FHA)
Blended Rate: 5.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,012/moAssumable @ 4.57% + gap loan
$1,933/moAssumed loan: $1,203/mo
Gap financing: $729/mo
$79less per month with the assumable
Your Savings on This Property
1257 Macon, Aurora · 4.57% FHA vs 6.5% conventional
$79
per month
$946
per year
$28,382
over 30 years
$40,551
interest saved
How gap financing works: The equity gap ($111,597) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,750, 5% of purchase price) and a second mortgage for the rest ($94,847 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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