Loan Comparison: 2.39% vs 6.5%
635 Joplin, Aurora, CO 80017 · 3bd/2ba · $448,000
List Price
$448,000
Assumable Rate
2.39%
Remaining Balance
$168,662
Equity Gap
$313,611
Loan Type
FHAAdjust Your Scenario
$22,400
$22,400$313,611
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.39% (FHA)
Blended Rate: 6.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,690/moAssumable @ 2.39% + gap loan
$2,896/moAssumed loan: $657/mo
Gap financing: $2,239/mo
Your Savings on This Property
635 Joplin, Aurora · 2.39% 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 ($313,611) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,400, 5% of purchase price) and a second mortgage for the rest ($291,211 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 635 Joplin.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.