Loan Comparison: 3.68% vs 6.5%
21447 Union, Aurora, CO 80015 · 4bd/4ba · $750,000
List Price
$750,000
Assumable Rate
3.68%
Remaining Balance
$470,437
Equity Gap
$392,636
Loan Type
FHAAdjust Your Scenario
$37,500
$37,500$392,636
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.68% (FHA)
Blended Rate: 5.75%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 3.68% + gap loan
$4,891/moAssumed loan: $2,160/mo
Gap financing: $2,731/mo
Your Savings on This Property
21447 Union, Aurora · 3.68% 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 ($392,636) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,500, 5% of purchase price) and a second mortgage for the rest ($355,136 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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