Loan Comparison: 5.52% vs 6.5%
7980 Chase Circle, Arvada, CO 80003 · 3bd/3ba · $240,000
List Price
$240,000
Assumable Rate
5.52%
Remaining Balance
$220,669
Equity Gap
$19,330
Loan Type
FHAAdjust Your Scenario
$12,000
$12,000$19,330
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 5.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,441/moAssumable @ 5.52% + gap loan
$1,307/moAssumed loan: $1,256/mo
Gap financing: $51/mo
$134less per month with the assumable
Your Savings on This Property
7980 Chase Circle, Arvada · 5.52% FHA vs 6.5% conventional
$134
per month
$1,610
per year
$48,297
over 30 years
$48,296
interest saved
How gap financing works: The equity gap ($19,330) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,000, 5% of purchase price) and a second mortgage for the rest ($7,330 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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