Loan Comparison: 4.75% vs 6.5%
19913 59th, Aurora, CO 80019 · 5bd/4ba · $515,000
List Price
$515,000
Assumable Rate
4.75%
Remaining Balance
$94,716
Equity Gap
$431,884
Loan Type
FHAAdjust Your Scenario
$25,750
$25,750$431,884
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.75% (FHA)
Blended Rate: 7.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 4.75% + gap loan
$3,617/moAssumed loan: $494/mo
Gap financing: $3,123/mo
Your Savings on This Property
19913 59th, Aurora · 4.75% 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 ($431,884) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($406,134 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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