Loan Comparison: 3.23% vs 6.5%
2503 Argonne, Aurora, CO 80013 · 3bd/3ba · $532,000
List Price
$532,000
Assumable Rate
3.23%
Remaining Balance
$318,212
Equity Gap
$213,787
Loan Type
FHAAdjust Your Scenario
$26,600
$26,600$213,787
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (FHA)
Blended Rate: 5.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,194/moAssumable @ 3.23% + gap loan
$2,821/moAssumed loan: $1,381/mo
Gap financing: $1,439/mo
$374less per month with the assumable
Your Savings on This Property
2503 Argonne, Aurora · 3.23% FHA vs 6.5% conventional
$374
per month
$4,485
per year
$134,560
over 30 years
$134,559
interest saved
How gap financing works: The equity gap ($213,787) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,600, 5% of purchase price) and a second mortgage for the rest ($187,187 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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