Loan Comparison: 4.47% vs 6.5%
329 Raspberry Lane, Monument, CO 80132 · 4bd/4ba · $399,999
List Price
$399,999
Assumable Rate
4.47%
Remaining Balance
$217,958
Equity Gap
$182,040
Loan Type
FHAAdjust Your Scenario
$20,000
$20,000$182,040
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.47% (FHA)
Blended Rate: 5.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 4.47% + gap loan
$2,233/moAssumed loan: $1,100/mo
Gap financing: $1,133/mo
$168less per month with the assumable
Your Savings on This Property
329 Raspberry Lane, Monument · 4.47% FHA vs 6.5% conventional
$168
per month
$2,020
per year
$60,612
over 30 years
$60,611
interest saved
How gap financing works: The equity gap ($182,040) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($162,040 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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