Loan Comparison: 2.74% vs 6.5%
3036 Halifax, Aurora, CO 80013 · 3bd/2ba · $450,000
List Price
$450,000
Assumable Rate
2.74%
Remaining Balance
$306,509
Equity Gap
$143,491
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$143,491
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (FHA)
Blended Rate: 4.37%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 2.74% + gap loan
$2,180/moAssumed loan: $1,250/mo
Gap financing: $930/mo
$522less per month with the assumable
Your Savings on This Property
3036 Halifax, Aurora · 2.74% FHA vs 6.5% conventional
$522
per month
$6,265
per year
$187,957
over 30 years
$187,957
interest saved
How gap financing works: The equity gap ($143,491) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($120,991 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 3036 Halifax.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.