Loan Comparison: 4.46% vs 6.5%
840 Deer Clover Circle, Castle Pines, CO 80108 · 6bd/3ba · $900,000
List Price
$900,000
Assumable Rate
4.46%
Remaining Balance
$403,903
Equity Gap
$496,096
Loan Type
FHAAdjust Your Scenario
$45,000
$45,000$496,096
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.46% (FHA)
Blended Rate: 6.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,404/moAssumable @ 4.46% + gap loan
$5,191/moAssumed loan: $2,037/mo
Gap financing: $3,154/mo
$213less per month with the assumable
Your Savings on This Property
840 Deer Clover Circle, Castle Pines · 4.46% FHA vs 6.5% conventional
$213
per month
$2,557
per year
$76,725
over 30 years
$76,724
interest saved
How gap financing works: The equity gap ($496,096) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($45,000, 5% of purchase price) and a second mortgage for the rest ($451,096 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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