Loan Comparison: 3.57% vs 6.5%
3964 Quemoy, Aurora, CO 80018 · 3bd/3ba · $580,000
List Price
$580,000
Assumable Rate
3.57%
Remaining Balance
$309,238
Equity Gap
$406,130
Loan Type
FHAAdjust Your Scenario
$29,000
$29,000$406,130
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.57% (FHA)
Blended Rate: 6.28%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,483/moAssumable @ 3.57% + gap loan
$4,301/moAssumed loan: $1,401/mo
Gap financing: $2,900/mo
Your Savings on This Property
3964 Quemoy, Aurora · 3.57% 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 ($406,130) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,000, 5% of purchase price) and a second mortgage for the rest ($377,130 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 3964 Quemoy.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.