Loan Comparison: 3.17% vs 6.5%
3504 Valleywood Court, Johnstown, CO 80534 · 5bd/3ba · $429,900
List Price
$429,900
Assumable Rate
3.17%
Remaining Balance
$375,255
Equity Gap
$54,645
Loan Type
FHAAdjust Your Scenario
$21,495
$21,495$54,645
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.17% (FHA)
Blended Rate: 3.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,581/moAssumable @ 3.17% + gap loan
$1,848/moAssumed loan: $1,617/mo
Gap financing: $232/mo
$733less per month with the assumable
Your Savings on This Property
3504 Valleywood Court, Johnstown · 3.17% FHA vs 6.5% conventional
$733
per month
$8,795
per year
$263,846
over 30 years
$263,846
interest saved
How gap financing works: The equity gap ($54,645) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,495, 5% of purchase price) and a second mortgage for the rest ($33,150 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 3504 Valleywood Court.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.