Loan Comparison: 6.5% vs 6.5%
1606 Plata Street, Lochbuie, CO 80603 · 3bd/3ba · $585,000
List Price
$585,000
Assumable Rate
6.5%
Remaining Balance
$541,746
Equity Gap
$43,254
Loan Type
FHAAdjust Your Scenario
$29,250
$29,250$43,254
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (FHA)
Blended Rate: 6.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,513/moAssumable @ 6.5% + gap loan
$3,522/moAssumed loan: $3,424/mo
Gap financing: $98/mo
Your Savings on This Property
1606 Plata Street, Lochbuie · 6.5% 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 ($43,254) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,250, 5% of purchase price) and a second mortgage for the rest ($14,004 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 1606 Plata Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.