Loan Comparison: 2.83% vs 6.5%
8615 Gold Peak Place, Highlands Ranch, CO 80130 · 4bd/3ba · $620,000
List Price
$620,000
Assumable Rate
2.83%
Remaining Balance
$319,834
Equity Gap
$300,166
Loan Type
FHAAdjust Your Scenario
$31,000
$31,000$300,166
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (FHA)
Blended Rate: 4.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,723/moAssumable @ 2.83% + gap loan
$3,201/moAssumed loan: $1,319/mo
Gap financing: $1,882/mo
$522less per month with the assumable
Your Savings on This Property
8615 Gold Peak Place, Highlands Ranch · 2.83% FHA vs 6.5% conventional
$522
per month
$6,259
per year
$187,757
over 30 years
$187,757
interest saved
How gap financing works: The equity gap ($300,166) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,000, 5% of purchase price) and a second mortgage for the rest ($269,166 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 8615 Gold Peak Place.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.