Loan Comparison: 4.28% vs 6.5%
6364 Harvest, Aurora, CO 80016 · 3bd/3ba · $637,400
List Price
$637,400
Assumable Rate
4.28%
Remaining Balance
$416,053
Equity Gap
$284,487
Loan Type
FHAAdjust Your Scenario
$31,870
$31,870$284,487
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.28% (FHA)
Blended Rate: 5.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,827/moAssumable @ 4.28% + gap loan
$3,996/moAssumed loan: $2,054/mo
Gap financing: $1,942/mo
Your Savings on This Property
6364 Harvest, Aurora · 4.28% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$2,268
interest saved
How gap financing works: The equity gap ($284,487) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,870, 5% of purchase price) and a second mortgage for the rest ($252,617 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 6364 Harvest.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.