Loan Comparison: 5.75% vs 6.5%
1761 Chambers, Aurora, CO 80011 · 3bd/2ba · $480,000
List Price
$480,000
Assumable Rate
5.75%
Remaining Balance
$125,444
Equity Gap
$404,879
Loan Type
FHAAdjust Your Scenario
$24,000
$24,000$404,879
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.75% (FHA)
Blended Rate: 7.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 5.75% + gap loan
$3,661/moAssumed loan: $732/mo
Gap financing: $2,929/mo
Your Savings on This Property
1761 Chambers, Aurora · 5.75% 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 ($404,879) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,000, 5% of purchase price) and a second mortgage for the rest ($380,879 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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