Loan Comparison: 3.45% vs 6.5%
4628 Nepal, Aurora, CO 80015 · 3bd/3ba · $545,000
List Price
$545,000
Assumable Rate
3.45%
Remaining Balance
$342,296
Equity Gap
$202,704
Loan Type
FHAAdjust Your Scenario
$27,250
$27,250$202,704
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 5.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,273/moAssumable @ 3.45% + gap loan
$2,877/moAssumed loan: $1,528/mo
Gap financing: $1,349/mo
$396less per month with the assumable
Your Savings on This Property
4628 Nepal, Aurora · 3.45% FHA vs 6.5% conventional
$396
per month
$4,751
per year
$142,531
over 30 years
$142,531
interest saved
How gap financing works: The equity gap ($202,704) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,250, 5% of purchase price) and a second mortgage for the rest ($175,454 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 4628 Nepal.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.