Loan Comparison: 6.36% vs 6.5%
2210 10th Avenue, Greeley, CO 80631 · 4bd/3ba · $454,900
List Price
$454,900
Assumable Rate
6.36%
Remaining Balance
$422,598
Equity Gap
$32,301
Loan Type
FHAAdjust Your Scenario
$22,745
$22,745$32,301
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.36% (FHA)
Blended Rate: 6.39%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,732/moAssumable @ 6.36% + gap loan
$2,699/moAssumed loan: $2,632/mo
Gap financing: $67/mo
$32less per month with the assumable
Your Savings on This Property
2210 10th Avenue, Greeley · 6.36% FHA vs 6.5% conventional
$32
per month
$389
per year
$11,657
over 30 years
$11,656
interest saved
How gap financing works: The equity gap ($32,301) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,745, 5% of purchase price) and a second mortgage for the rest ($9,556 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 2210 10th Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.