Loan Comparison: 6.43% vs 6.5%
2105 Kiersi Court, Johnstown, CO 80534 · 3bd/4ba · $449,000
List Price
$449,000
Assumable Rate
6.43%
Remaining Balance
$425,328
Equity Gap
$23,672
Loan Type
FHAAdjust Your Scenario
$22,450
$22,450$23,672
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.43% (FHA)
Blended Rate: 6.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,696/moAssumable @ 6.43% + gap loan
$2,677/moAssumed loan: $2,669/mo
Gap financing: $9/mo
$19less per month with the assumable
Your Savings on This Property
2105 Kiersi Court, Johnstown · 6.43% FHA vs 6.5% conventional
$19
per month
$225
per year
$6,743
over 30 years
$6,743
interest saved
How gap financing works: The equity gap ($23,672) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,450, 5% of purchase price) and a second mortgage for the rest ($1,222 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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