Loan Comparison: 6.12% vs 6.5%
7714 Cruzer Heights, Peyton, CO 80831 · 3bd/4ba · $410,000
List Price
$410,000
Assumable Rate
6.12%
Remaining Balance
$383,466
Equity Gap
$26,534
Loan Type
FHAAdjust Your Scenario
$20,500
$20,500$26,534
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.12% (FHA)
Blended Rate: 6.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,462/moAssumable @ 6.12% + gap loan
$2,371/moAssumed loan: $2,329/mo
Gap financing: $42/mo
$91less per month with the assumable
Your Savings on This Property
7714 Cruzer Heights, Peyton · 6.12% FHA vs 6.5% conventional
$91
per month
$1,092
per year
$32,751
over 30 years
$32,751
interest saved
How gap financing works: The equity gap ($26,534) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,500, 5% of purchase price) and a second mortgage for the rest ($6,034 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.
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