Loan Comparison: 3.92% vs 6.5%
8294 Annapolis Drive, Windsor, CO 80528 · 3bd/2ba · $846,900
List Price
$846,900
Assumable Rate
3.92%
Remaining Balance
$308,324
Equity Gap
$538,575
Loan Type
FHAAdjust Your Scenario
$42,345
$42,345$538,575
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.92% (FHA)
Blended Rate: 6.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,085/moAssumable @ 3.92% + gap loan
$4,928/moAssumed loan: $1,458/mo
Gap financing: $3,470/mo
$158less per month with the assumable
Your Savings on This Property
8294 Annapolis Drive, Windsor · 3.92% FHA vs 6.5% conventional
$158
per month
$1,894
per year
$56,816
over 30 years
$56,815
interest saved
How gap financing works: The equity gap ($538,575) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,345, 5% of purchase price) and a second mortgage for the rest ($496,230 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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