Loan Comparison: 4.2% vs 6.5%
8437 Thunder Ridge Way, Highlands Ranch, CO 80126 · 4bd/3ba · $340,000
List Price
$340,000
Assumable Rate
4.2%
Remaining Balance
$192,939
Equity Gap
$147,061
Loan Type
FHAAdjust Your Scenario
$17,000
$17,000$147,061
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.2% (FHA)
Blended Rate: 5.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,042/moAssumable @ 4.2% + gap loan
$1,853/moAssumed loan: $944/mo
Gap financing: $909/mo
$189less per month with the assumable
Your Savings on This Property
8437 Thunder Ridge Way, Highlands Ranch · 4.2% FHA vs 6.5% conventional
$189
per month
$2,264
per year
$67,921
over 30 years
$67,921
interest saved
How gap financing works: The equity gap ($147,061) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,000, 5% of purchase price) and a second mortgage for the rest ($130,061 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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