Loan Comparison: 2.68% vs 6.5%
5961 81st Avenue, Dupont, CO 80024 · 3bd/3ba · $375,000
List Price
$375,000
Assumable Rate
2.68%
Remaining Balance
$248,976
Equity Gap
$126,024
Loan Type
FHAAdjust Your Scenario
$18,750
$18,750$126,024
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (FHA)
Blended Rate: 4.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,252/moAssumable @ 2.68% + gap loan
$1,757/moAssumed loan: $1,007/mo
Gap financing: $750/mo
$494less per month with the assumable
Your Savings on This Property
5961 81st Avenue, Dupont · 2.68% FHA vs 6.5% conventional
$494
per month
$5,933
per year
$178,003
over 30 years
$178,003
interest saved
How gap financing works: The equity gap ($126,024) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,750, 5% of purchase price) and a second mortgage for the rest ($107,274 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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