Loan Comparison: 2.77% vs 6.5%
1361 Andes, Aurora, CO 80017 · 4bd/2ba · $460,000
List Price
$460,000
Assumable Rate
2.77%
Remaining Balance
$296,191
Equity Gap
$163,108
Loan Type
FHAAdjust Your Scenario
$23,000
$23,000$163,108
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (FHA)
Blended Rate: 4.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,762/moAssumable @ 2.77% + gap loan
$2,290/moAssumed loan: $1,212/mo
Gap financing: $1,077/mo
$473less per month with the assumable
Your Savings on This Property
1361 Andes, Aurora · 2.77% FHA vs 6.5% conventional
$473
per month
$5,670
per year
$170,105
over 30 years
$169,404
interest saved
How gap financing works: The equity gap ($163,108) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,000, 5% of purchase price) and a second mortgage for the rest ($140,108 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 1361 Andes.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.