Loan Comparison: 5.38% vs 6.5%
5523 County Road 37, Fort Lupton, CO 80621 · 2bd/1ba · $845,000
List Price
$845,000
Assumable Rate
5.38%
Remaining Balance
$124,368
Equity Gap
$720,632
Loan Type
FHAAdjust Your Scenario
$42,250
$42,250$720,632
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.38% (FHA)
Blended Rate: 7.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,074/moAssumable @ 5.38% + gap loan
$5,440/moAssumed loan: $697/mo
Gap financing: $4,743/mo
Your Savings on This Property
5523 County Road 37, Fort Lupton · 5.38% 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 ($720,632) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,250, 5% of purchase price) and a second mortgage for the rest ($678,382 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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