Loan Comparison: 6.36% vs 6.5%
503 Rollie Avenue, Fort Lupton, CO 80621 · 4bd/3ba · $348,000
List Price
$348,000
Assumable Rate
6.36%
Remaining Balance
$271,154
Equity Gap
$76,846
Loan Type
FHAAdjust Your Scenario
$17,400
$17,400$76,846
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.36% (FHA)
Blended Rate: 6.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,090/moAssumable @ 6.36% + gap loan
$2,105/moAssumed loan: $1,689/mo
Gap financing: $416/mo
Your Savings on This Property
503 Rollie Avenue, Fort Lupton · 6.36% 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 ($76,846) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,400, 5% of purchase price) and a second mortgage for the rest ($59,446 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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