Loan Comparison: 4.63% vs 6.5%
21986 Oberlin, Aurora, CO 80018 · 5bd/5ba · $694,900
List Price
$694,900
Assumable Rate
4.63%
Remaining Balance
$311,994
Equity Gap
$382,254
Loan Type
FHAAdjust Your Scenario
$34,745
$34,745$382,254
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.63% (FHA)
Blended Rate: 6.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,173/moAssumable @ 4.63% + gap loan
$4,277/moAssumed loan: $1,605/mo
Gap financing: $2,672/mo
Your Savings on This Property
21986 Oberlin, Aurora · 4.63% 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 ($382,254) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,745, 5% of purchase price) and a second mortgage for the rest ($347,509 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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