Loan Comparison: 5.52% vs 6.5%
1781 Ensenada, Aurora, CO 80017 · 4bd/2ba · $385,000
List Price
$385,000
Assumable Rate
5.52%
Remaining Balance
$341,526
Equity Gap
$61,255
Loan Type
FHAAdjust Your Scenario
$19,250
$19,250$61,255
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 5.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,312/moAssumable @ 5.52% + gap loan
$2,266/moAssumed loan: $1,943/mo
Gap financing: $323/mo
$45less per month with the assumable
Your Savings on This Property
1781 Ensenada, Aurora · 5.52% FHA vs 6.5% conventional
$45
per month
$544
per year
$16,334
over 30 years
$34,115
interest saved
How gap financing works: The equity gap ($61,255) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,250, 5% of purchase price) and a second mortgage for the rest ($42,005 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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