Loan Comparison: 6.81% vs 6.5%
18379 Field Mint Point, Parker, CO 80134 · 4bd/4ba · $679,000
List Price
$679,000
Assumable Rate
6.81%
Remaining Balance
$644,823
Equity Gap
$34,177
Loan Type
FHAAdjust Your Scenario
$33,950
$33,950$34,177
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.81% (FHA)
Blended Rate: 6.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,077/moAssumable @ 6.81% + gap loan
$4,210/moAssumed loan: $4,208/mo
Gap financing: $2/mo
Your Savings on This Property
18379 Field Mint Point, Parker · 6.81% 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 ($34,177) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,950, 5% of purchase price) and a second mortgage for the rest ($227 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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