Loan Comparison: 3.77% vs 6.5%
3628 Centennial Circle, Evans, CO 80620 · 3bd/2ba · $430,000
List Price
$430,000
Assumable Rate
3.77%
Remaining Balance
$253,471
Equity Gap
$176,529
Loan Type
FHAAdjust Your Scenario
$21,500
$21,500$176,529
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (FHA)
Blended Rate: 5.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 3.77% + gap loan
$2,261/moAssumed loan: $1,177/mo
Gap financing: $1,084/mo
$321less per month with the assumable
Your Savings on This Property
3628 Centennial Circle, Evans · 3.77% FHA vs 6.5% conventional
$321
per month
$3,855
per year
$115,657
over 30 years
$115,657
interest saved
How gap financing works: The equity gap ($176,529) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($155,029 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 3628 Centennial Circle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.