Loan Comparison: 3.62% vs 6.5%
17673 Cornell, Aurora, CO 80013 · 3bd/3ba · $389,000
List Price
$389,000
Assumable Rate
3.62%
Remaining Balance
$319,210
Equity Gap
$114,315
Loan Type
FHAAdjust Your Scenario
$19,450
$19,450$114,315
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (FHA)
Blended Rate: 4.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,336/moAssumable @ 3.62% + gap loan
$2,184/moAssumed loan: $1,455/mo
Gap financing: $729/mo
$152less per month with the assumable
Your Savings on This Property
17673 Cornell, Aurora · 3.62% FHA vs 6.5% conventional
$152
per month
$1,818
per year
$54,545
over 30 years
$99,070
interest saved
How gap financing works: The equity gap ($114,315) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,450, 5% of purchase price) and a second mortgage for the rest ($94,865 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 17673 Cornell.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.