Loan Comparison: 3.23% vs 6.5%
2503 Argonne, Aurora, CO 80013 · 3bd/3ba · $540,000
List Price
$540,000
Assumable Rate
3.23%
Remaining Balance
$318,940
Equity Gap
$221,060
Loan Type
FHAAdjust Your Scenario
$27,000
$27,000$221,060
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (FHA)
Blended Rate: 5.22%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,243/moAssumable @ 3.23% + gap loan
$2,877/moAssumed loan: $1,385/mo
Gap financing: $1,492/mo
$366less per month with the assumable
Your Savings on This Property
2503 Argonne, Aurora · 3.23% FHA vs 6.5% conventional
$366
per month
$4,390
per year
$131,690
over 30 years
$131,690
interest saved
How gap financing works: The equity gap ($221,060) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,000, 5% of purchase price) and a second mortgage for the rest ($194,060 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 2503 Argonne.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.