Loan Comparison: 2.73% vs 6.5%
864 Penstemon Drive, Henderson, CO 80640 · 4bd/4ba · $450,000
List Price
$450,000
Assumable Rate
2.73%
Remaining Balance
$371,846
Equity Gap
$78,153
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$78,153
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.73% (FHA)
Blended Rate: 3.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 2.73% + gap loan
$1,903/moAssumed loan: $1,514/mo
Gap financing: $389/mo
$799less per month with the assumable
Your Savings on This Property
864 Penstemon Drive, Henderson · 2.73% FHA vs 6.5% conventional
$799
per month
$9,586
per year
$287,591
over 30 years
$287,590
interest saved
How gap financing works: The equity gap ($78,153) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($55,653 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 864 Penstemon Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.