Loan Comparison: 3.62% vs 6.5%
19927 Belleview, Aurora, CO 80015 · 5bd/4ba · $625,000
List Price
$625,000
Assumable Rate
3.62%
Remaining Balance
$397,080
Equity Gap
$246,693
Loan Type
FHAAdjust Your Scenario
$31,250
$31,250$246,693
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (FHA)
Blended Rate: 5.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,753/moAssumable @ 3.62% + gap loan
$3,466/moAssumed loan: $1,810/mo
Gap financing: $1,657/mo
$287less per month with the assumable
Your Savings on This Property
19927 Belleview, Aurora · 3.62% FHA vs 6.5% conventional
$287
per month
$3,439
per year
$103,162
over 30 years
$121,935
interest saved
How gap financing works: The equity gap ($246,693) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,250, 5% of purchase price) and a second mortgage for the rest ($215,443 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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