Loan Comparison: 3.61% vs 6.5%
413 De Gaulle, Aurora, CO 80018 · 6bd/4ba · $710,000
List Price
$710,000
Assumable Rate
3.61%
Remaining Balance
$365,002
Equity Gap
$378,591
Loan Type
FHAAdjust Your Scenario
$35,500
$35,500$378,591
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.61% (FHA)
Blended Rate: 5.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,263/moAssumable @ 3.61% + gap loan
$4,300/moAssumed loan: $1,662/mo
Gap financing: $2,638/mo
Your Savings on This Property
413 De Gaulle, Aurora · 3.61% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$20,528
interest saved
How gap financing works: The equity gap ($378,591) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,500, 5% of purchase price) and a second mortgage for the rest ($343,091 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 413 De Gaulle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.