Loan Comparison: 3.45% vs 6.5%
380-390 County Road, Louisville, CO 80027 · 3bd/3ba · $1,099,000
List Price
$1,099,000
Assumable Rate
3.45%
Remaining Balance
$382,328
Equity Gap
$716,672
Loan Type
FHAAdjust Your Scenario
$54,950
$54,950$716,672
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 6.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,599/moAssumable @ 3.45% + gap loan
$6,333/moAssumed loan: $1,706/mo
Gap financing: $4,627/mo
$266less per month with the assumable
Your Savings on This Property
380-390 County Road, Louisville · 3.45% FHA vs 6.5% conventional
$266
per month
$3,193
per year
$95,789
over 30 years
$95,789
interest saved
How gap financing works: The equity gap ($716,672) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($54,950, 5% of purchase price) and a second mortgage for the rest ($661,722 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 380-390 County Road.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.