Loan Comparison: 3.69% vs 6.5%
10050 Gunnison, Aurora, CO 80247 · 2bd/2ba · $320,000
List Price
$320,000
Assumable Rate
3.69%
Remaining Balance
$234,923
Equity Gap
$85,077
Loan Type
FHAAdjust Your Scenario
$16,000
$16,000$85,077
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (FHA)
Blended Rate: 4.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,921/moAssumable @ 3.69% + gap loan
$1,611/moAssumed loan: $1,080/mo
Gap financing: $531/mo
$310less per month with the assumable
Your Savings on This Property
10050 Gunnison, Aurora · 3.69% FHA vs 6.5% conventional
$310
per month
$3,724
per year
$111,730
over 30 years
$111,730
interest saved
How gap financing works: The equity gap ($85,077) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,000, 5% of purchase price) and a second mortgage for the rest ($69,077 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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