Loan Comparison: 6.36% vs 6.5%
4112 Snow Ridge Circle, Fort Collins, CO 80526 · 4bd/4ba · $539,000
List Price
$539,000
Assumable Rate
6.36%
Remaining Balance
$503,028
Equity Gap
$35,972
Loan Type
FHAAdjust Your Scenario
$26,950
$26,950$35,972
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.36% (FHA)
Blended Rate: 6.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,237/moAssumable @ 6.36% + gap loan
$3,196/moAssumed loan: $3,133/mo
Gap financing: $63/mo
$40less per month with the assumable
Your Savings on This Property
4112 Snow Ridge Circle, Fort Collins · 6.36% FHA vs 6.5% conventional
$40
per month
$481
per year
$14,441
over 30 years
$14,441
interest saved
How gap financing works: The equity gap ($35,972) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,950, 5% of purchase price) and a second mortgage for the rest ($9,022 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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