Loan Comparison: 2.74% vs 6.5%
16746 Beaumont Boulevard, Mead, CO 80542 · 3bd/3ba · $565,000
List Price
$565,000
Assumable Rate
2.74%
Remaining Balance
$339,623
Equity Gap
$225,376
Loan Type
FHAAdjust Your Scenario
$28,250
$28,250$225,376
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (FHA)
Blended Rate: 4.49%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 2.74% + gap loan
$2,763/moAssumed loan: $1,385/mo
Gap financing: $1,378/mo
$630less per month with the assumable
Your Savings on This Property
16746 Beaumont Boulevard, Mead · 2.74% FHA vs 6.5% conventional
$630
per month
$7,555
per year
$226,659
over 30 years
$226,658
interest saved
How gap financing works: The equity gap ($225,376) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($197,126 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 16746 Beaumont Boulevard.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.