Loan Comparison: 5% vs 6.5%
18151 Flora, Aurora, CO 80013 · 2bd/2ba · $313,000
List Price
$313,000
Assumable Rate
5%
Remaining Balance
$98,260
Equity Gap
$235,616
Loan Type
FHAAdjust Your Scenario
$15,650
$15,650$235,616
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5% (FHA)
Blended Rate: 7.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,879/moAssumable @ 5% + gap loan
$2,219/moAssumed loan: $527/mo
Gap financing: $1,691/mo
Your Savings on This Property
18151 Flora, Aurora · 5% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($235,616) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,650, 5% of purchase price) and a second mortgage for the rest ($219,966 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 18151 Flora.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.