Loan Comparison: 6.36% vs 6.5%
1440 6th Street, Greeley, CO 80631 · 3bd/3ba · $314,000
List Price
$314,000
Assumable Rate
6.36%
Remaining Balance
$282,410
Equity Gap
$31,590
Loan Type
FHAAdjust Your Scenario
$15,700
$15,700$31,590
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.36% (FHA)
Blended Rate: 6.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,885/moAssumable @ 6.36% + gap loan
$1,870/moAssumed loan: $1,759/mo
Gap financing: $111/mo
$15less per month with the assumable
Your Savings on This Property
1440 6th Street, Greeley · 6.36% FHA vs 6.5% conventional
$15
per month
$183
per year
$5,491
over 30 years
$5,491
interest saved
How gap financing works: The equity gap ($31,590) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,700, 5% of purchase price) and a second mortgage for the rest ($15,890 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 1440 6th Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.