Loan Comparison: 5.25% vs 6.5%
4480 Pitkin, Aurora, CO 80015 · 2bd/1ba · $203,999
List Price
$203,999
Assumable Rate
5.25%
Remaining Balance
$67,896
Equity Gap
$172,860
Loan Type
FHAAdjust Your Scenario
$10,200
$10,200$172,860
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.25% (FHA)
Blended Rate: 7.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,225/moAssumable @ 5.25% + gap loan
$1,626/moAssumed loan: $375/mo
Gap financing: $1,251/mo
Your Savings on This Property
4480 Pitkin, 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 ($172,860) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($10,200, 5% of purchase price) and a second mortgage for the rest ($162,660 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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