Loan Comparison: 2.74% vs 6.5%
11913 Kepner, Aurora, CO 80012 · 2bd/3ba · $320,000
List Price
$320,000
Assumable Rate
2.74%
Remaining Balance
$225,354
Equity Gap
$94,646
Loan Type
FHAAdjust Your Scenario
$16,000
$16,000$94,646
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (FHA)
Blended Rate: 4.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,921/moAssumable @ 2.74% + gap loan
$1,524/moAssumed loan: $919/mo
Gap financing: $605/mo
$398less per month with the assumable
Your Savings on This Property
11913 Kepner, Aurora · 2.74% FHA vs 6.5% conventional
$398
per month
$4,776
per year
$143,270
over 30 years
$143,270
interest saved
How gap financing works: The equity gap ($94,646) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,000, 5% of purchase price) and a second mortgage for the rest ($78,646 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 11913 Kepner.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.