Loan Comparison: 4.43% vs 6.5%
20419 Mansfield, Aurora, CO 80013 · 4bd/4ba · $630,000
List Price
$630,000
Assumable Rate
4.43%
Remaining Balance
$263,464
Equity Gap
$477,144
Loan Type
FHAAdjust Your Scenario
$31,500
$31,500$477,144
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.43% (FHA)
Blended Rate: 6.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,783/moAssumable @ 4.43% + gap loan
$4,751/moAssumed loan: $1,324/mo
Gap financing: $3,427/mo
Your Savings on This Property
20419 Mansfield, Aurora · 4.43% 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 ($477,144) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,500, 5% of purchase price) and a second mortgage for the rest ($445,644 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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