Loan Comparison: 3.9% vs 6.5%
1281 Worchester, Aurora, CO 80011 · 4bd/2ba · $390,000
List Price
$390,000
Assumable Rate
3.9%
Remaining Balance
$258,446
Equity Gap
$202,009
Loan Type
FHAAdjust Your Scenario
$19,500
$19,500$202,009
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.9% (FHA)
Blended Rate: 5.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,342/moAssumable @ 3.9% + gap loan
$2,622/moAssumed loan: $1,219/mo
Gap financing: $1,403/mo
Your Savings on This Property
1281 Worchester, Aurora · 3.9% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($202,009) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,500, 5% of purchase price) and a second mortgage for the rest ($182,509 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 1281 Worchester.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.