Loan Comparison: 3.08% vs 6.5%
1676 Country Sun Drive, Windsor, CO 80550 · 4bd/3ba · $524,900
List Price
$524,900
Assumable Rate
3.08%
Remaining Balance
$370,924
Equity Gap
$153,975
Loan Type
FHAAdjust Your Scenario
$26,245
$26,245$153,975
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (FHA)
Blended Rate: 4.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.08% + gap loan
$2,473/moAssumed loan: $1,580/mo
Gap financing: $893/mo
$679less per month with the assumable
Your Savings on This Property
1676 Country Sun Drive, Windsor · 3.08% FHA vs 6.5% conventional
$679
per month
$8,146
per year
$244,387
over 30 years
$244,386
interest saved
How gap financing works: The equity gap ($153,975) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,245, 5% of purchase price) and a second mortgage for the rest ($127,730 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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