Loan Comparison: 6.78% vs 6.5%
500 Denver Avenue, Fort Lupton, CO 80621 · 4bd/3ba · $360,000
List Price
$360,000
Assumable Rate
6.78%
Remaining Balance
$339,223
Equity Gap
$20,777
Loan Type
FHAAdjust Your Scenario
$18,000
$18,000$20,777
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.78% (FHA)
Blended Rate: 6.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,162/moAssumable @ 6.78% + gap loan
$2,226/moAssumed loan: $2,207/mo
Gap financing: $19/mo
Your Savings on This Property
500 Denver Avenue, Fort Lupton · 6.78% 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 ($20,777) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,000, 5% of purchase price) and a second mortgage for the rest ($2,777 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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