Loan Comparison: 3.76% vs 6.5%
3855 Beechwood Lane, Johnstown, CO 80534 · 2bd/3ba · $469,900
List Price
$469,900
Assumable Rate
3.76%
Remaining Balance
$423,181
Equity Gap
$46,718
Loan Type
FHAAdjust Your Scenario
$23,495
$23,495$46,718
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (FHA)
Blended Rate: 3.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,822/moAssumable @ 3.76% + gap loan
$2,125/moAssumed loan: $1,962/mo
Gap financing: $162/mo
$697less per month with the assumable
Your Savings on This Property
3855 Beechwood Lane, Johnstown · 3.76% FHA vs 6.5% conventional
$697
per month
$8,364
per year
$250,915
over 30 years
$250,914
interest saved
How gap financing works: The equity gap ($46,718) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,495, 5% of purchase price) and a second mortgage for the rest ($23,223 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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