Loan Comparison: 6.48% vs 6.5%
455 Red Feather Lane, Woodland Park, CO 80863 · 4bd/2ba · $485,000
List Price
$485,000
Assumable Rate
6.48%
Remaining Balance
$428,206
Equity Gap
$56,793
Loan Type
FHAAdjust Your Scenario
$24,250
$24,250$56,793
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.48% (FHA)
Blended Rate: 6.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 6.48% + gap loan
$2,928/moAssumed loan: $2,701/mo
Gap financing: $228/mo
Your Savings on This Property
455 Red Feather Lane, Woodland Park · 6.48% 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 ($56,793) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,250, 5% of purchase price) and a second mortgage for the rest ($32,543 at 7.5%). 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 455 Red Feather Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.