Loan Comparison: 6% vs 6.5%
941 Ironton, Aurora, CO 80012 · 4bd/2ba · $459,900
List Price
$459,900
Assumable Rate
6%
Remaining Balance
$68,878
Equity Gap
$389,668
Loan Type
FHAAdjust Your Scenario
$22,995
$22,995$389,668
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6% (FHA)
Blended Rate: 8.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,762/moAssumable @ 6% + gap loan
$3,232/moAssumed loan: $413/mo
Gap financing: $2,819/mo
Your Savings on This Property
941 Ironton, Aurora · 6% 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 ($389,668) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,995, 5% of purchase price) and a second mortgage for the rest ($366,673 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 941 Ironton.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.