Loan Comparison: 6.81% vs 6.5%
3206 Lymen Street, Fort Collins, CO 80526 · 5bd/5ba · $510,000
List Price
$510,000
Assumable Rate
6.81%
Remaining Balance
$436,086
Equity Gap
$73,913
Loan Type
FHAAdjust Your Scenario
$25,500
$25,500$73,913
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.81% (FHA)
Blended Rate: 6.88%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,062/moAssumable @ 6.81% + gap loan
$3,184/moAssumed loan: $2,846/mo
Gap financing: $339/mo
Your Savings on This Property
3206 Lymen Street, Fort Collins · 6.81% 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 ($73,913) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,500, 5% of purchase price) and a second mortgage for the rest ($48,413 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 3206 Lymen Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.