Loan Comparison: 3.16% vs 6.5%
1496 Biffle Court, Berthoud, CO 80513 · 2bd/3ba · $575,000
List Price
$575,000
Assumable Rate
3.16%
Remaining Balance
$345,907
Equity Gap
$229,092
Loan Type
FHAAdjust Your Scenario
$28,750
$28,750$229,092
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.16% (FHA)
Blended Rate: 4.75%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 3.16% + gap loan
$2,889/moAssumed loan: $1,488/mo
Gap financing: $1,401/mo
$563less per month with the assumable
Your Savings on This Property
1496 Biffle Court, Berthoud · 3.16% FHA vs 6.5% conventional
$563
per month
$6,762
per year
$202,851
over 30 years
$202,850
interest saved
How gap financing works: The equity gap ($229,092) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($200,342 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 1496 Biffle Court.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.