Loan Comparison: 3.07% vs 6.5%
873 Troy, Aurora, CO 80011 · 4bd/2ba · $435,000
List Price
$435,000
Assumable Rate
3.07%
Remaining Balance
$410,005
Equity Gap
$24,995
Loan Type
FHAAdjust Your Scenario
$21,750
$21,750$24,995
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (FHA)
Blended Rate: 3.11%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 3.07% + gap loan
$1,769/moAssumed loan: $1,744/mo
Gap financing: $25/mo
$843less per month with the assumable
Your Savings on This Property
873 Troy, Aurora · 3.07% FHA vs 6.5% conventional
$843
per month
$10,115
per year
$303,464
over 30 years
$303,464
interest saved
How gap financing works: The equity gap ($24,995) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,750, 5% of purchase price) and a second mortgage for the rest ($3,245 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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