Loan Comparison: 4.08% vs 6.5%
16879 Caley, Aurora, CO 80016 · 3bd/3ba · $750,000
List Price
$750,000
Assumable Rate
4.08%
Remaining Balance
$543,275
Equity Gap
$344,892
Loan Type
FHAAdjust Your Scenario
$37,500
$37,500$344,892
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.08% (FHA)
Blended Rate: 5.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 4.08% + gap loan
$4,982/moAssumed loan: $2,619/mo
Gap financing: $2,364/mo
Your Savings on This Property
16879 Caley, Aurora · 4.08% 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 ($344,892) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,500, 5% of purchase price) and a second mortgage for the rest ($307,392 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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