Loan Comparison: 2.89% vs 6.5%
23110 Blackwolf Way, Parker, CO 80138 · 3bd/2ba · $512,999
List Price
$512,999
Assumable Rate
2.89%
Remaining Balance
$115,207
Equity Gap
$397,791
Loan Type
FHAAdjust Your Scenario
$25,650
$25,650$397,791
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (FHA)
Blended Rate: 6.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,080/moAssumable @ 2.89% + gap loan
$3,081/moAssumed loan: $479/mo
Gap financing: $2,602/mo
Your Savings on This Property
23110 Blackwolf Way, Parker · 2.89% 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 ($397,791) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,650, 5% of purchase price) and a second mortgage for the rest ($372,141 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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