Loan Comparison: 5.25% vs 6.5%
1526 Ursula, Aurora, CO 80012 · 5bd/3ba · $529,000
List Price
$529,000
Assumable Rate
5.25%
Remaining Balance
$104,612
Equity Gap
$423,944
Loan Type
FHAAdjust Your Scenario
$26,450
$26,450$423,944
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.25% (FHA)
Blended Rate: 7.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,176/moAssumable @ 5.25% + gap loan
$3,634/moAssumed loan: $578/mo
Gap financing: $3,056/mo
Your Savings on This Property
1526 Ursula, Aurora · 5.25% 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 ($423,944) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,450, 5% of purchase price) and a second mortgage for the rest ($397,494 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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