Loan Comparison: 4.87% vs 6.5%
1282 Uvalda, Aurora, CO 80012 · 2bd/1ba · $219,000
List Price
$219,000
Assumable Rate
4.87%
Remaining Balance
$188,206
Equity Gap
$48,026
Loan Type
FHAAdjust Your Scenario
$10,950
$10,950$48,026
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.87% (FHA)
Blended Rate: 5.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,315/moAssumable @ 4.87% + gap loan
$1,281/moAssumed loan: $995/mo
Gap financing: $285/mo
$35less per month with the assumable
Your Savings on This Property
1282 Uvalda, Aurora · 4.87% FHA vs 6.5% conventional
$35
per month
$414
per year
$12,422
over 30 years
$29,654
interest saved
How gap financing works: The equity gap ($48,026) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($10,950, 5% of purchase price) and a second mortgage for the rest ($37,076 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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