Loan Comparison: 2.96% vs 6.5%
45 Sebring Lane, Johnstown, CO 80534 · 2bd/1ba · $405,000
List Price
$405,000
Assumable Rate
2.96%
Remaining Balance
$328,864
Equity Gap
$76,135
Loan Type
FHAAdjust Your Scenario
$20,250
$20,250$76,135
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (FHA)
Blended Rate: 3.62%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,432/moAssumable @ 2.96% + gap loan
$1,770/moAssumed loan: $1,379/mo
Gap financing: $391/mo
$662less per month with the assumable
Your Savings on This Property
45 Sebring Lane, Johnstown · 2.96% FHA vs 6.5% conventional
$662
per month
$7,940
per year
$238,214
over 30 years
$238,213
interest saved
How gap financing works: The equity gap ($76,135) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,250, 5% of purchase price) and a second mortgage for the rest ($55,885 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.
🏠
Back to This Listing
View photos, details, and request a showing for 45 Sebring Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.