Loan Comparison: 4.17% vs 6.5%
11780 111th Avenue, Henderson, CO 80640 · 4bd/3ba · $520,000
List Price
$520,000
Assumable Rate
4.17%
Remaining Balance
$286,700
Equity Gap
$233,299
Loan Type
FHAAdjust Your Scenario
$26,000
$26,000$233,299
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (FHA)
Blended Rate: 5.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 4.17% + gap loan
$2,846/moAssumed loan: $1,397/mo
Gap financing: $1,449/mo
$276less per month with the assumable
Your Savings on This Property
11780 111th Avenue, Henderson · 4.17% FHA vs 6.5% conventional
$276
per month
$3,311
per year
$99,344
over 30 years
$99,343
interest saved
How gap financing works: The equity gap ($233,299) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($207,299 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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