Loan Comparison: 3.05% vs 6.5%
6784 Zebra Grass Lane, Parker, CO 80138 · 5bd/2ba · $564,900
List Price
$564,900
Assumable Rate
3.05%
Remaining Balance
$442,769
Equity Gap
$122,131
Loan Type
FHAAdjust Your Scenario
$28,245
$28,245$122,131
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.05% (FHA)
Blended Rate: 3.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,392/moAssumable @ 3.05% + gap loan
$2,535/moAssumed loan: $1,879/mo
Gap financing: $656/mo
$857less per month with the assumable
Your Savings on This Property
6784 Zebra Grass Lane, Parker · 3.05% FHA vs 6.5% conventional
$857
per month
$10,282
per year
$308,472
over 30 years
$308,472
interest saved
How gap financing works: The equity gap ($122,131) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,245, 5% of purchase price) and a second mortgage for the rest ($93,886 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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