Loan Comparison: 3.77% vs 6.5%
5725 Atlantic Place, Lakewood, CO 80227 · 3bd/2ba · $269,000
List Price
$269,000
Assumable Rate
3.77%
Remaining Balance
$177,302
Equity Gap
$91,697
Loan Type
FHAAdjust Your Scenario
$13,450
$13,450$91,697
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (FHA)
Blended Rate: 4.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,615/moAssumable @ 3.77% + gap loan
$1,370/moAssumed loan: $823/mo
Gap financing: $547/mo
$245less per month with the assumable
Your Savings on This Property
5725 Atlantic Place, Lakewood · 3.77% FHA vs 6.5% conventional
$245
per month
$2,940
per year
$88,203
over 30 years
$88,202
interest saved
How gap financing works: The equity gap ($91,697) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,450, 5% of purchase price) and a second mortgage for the rest ($78,247 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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