Loan Comparison: 6.64% vs 6.5%
2372 Mountain Sky Drive, Fort Lupton, CO 80621 · 3bd/2ba · $452,000
List Price
$452,000
Assumable Rate
6.64%
Remaining Balance
$427,884
Equity Gap
$24,116
Loan Type
FHAAdjust Your Scenario
$22,600
$22,600$24,116
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.64% (FHA)
Blended Rate: 6.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,714/moAssumable @ 6.64% + gap loan
$2,755/moAssumed loan: $2,744/mo
Gap financing: $11/mo
Your Savings on This Property
2372 Mountain Sky Drive, Fort Lupton · 6.64% 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 ($24,116) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,600, 5% of purchase price) and a second mortgage for the rest ($1,516 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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