Loan Comparison: 2.96% vs 6.5%
3385 White Oak Lane, Highlands Ranch, CO 80129 · 3bd/3ba · $799,999
List Price
$799,999
Assumable Rate
2.96%
Remaining Balance
$447,742
Equity Gap
$352,257
Loan Type
FHAAdjust Your Scenario
$40,000
$40,000$352,257
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (FHA)
Blended Rate: 4.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,804/moAssumable @ 2.96% + gap loan
$4,061/moAssumed loan: $1,878/mo
Gap financing: $2,183/mo
$742less per month with the assumable
Your Savings on This Property
3385 White Oak Lane, Highlands Ranch · 2.96% FHA vs 6.5% conventional
$742
per month
$8,908
per year
$267,232
over 30 years
$267,232
interest saved
How gap financing works: The equity gap ($352,257) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($40,000, 5% of purchase price) and a second mortgage for the rest ($312,257 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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