Loan Comparison: 2.81% vs 6.5%
412 10th Street, Fort Collins, CO 80524 · 2bd/2ba · $465,000
List Price
$465,000
Assumable Rate
2.81%
Remaining Balance
$305,626
Equity Gap
$159,373
Loan Type
FHAAdjust Your Scenario
$23,250
$23,250$159,373
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (FHA)
Blended Rate: 4.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 2.81% + gap loan
$2,209/moAssumed loan: $1,257/mo
Gap financing: $952/mo
$583less per month with the assumable
Your Savings on This Property
412 10th Street, Fort Collins · 2.81% FHA vs 6.5% conventional
$583
per month
$6,995
per year
$209,860
over 30 years
$209,859
interest saved
How gap financing works: The equity gap ($159,373) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($136,123 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 412 10th Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.