Loan Comparison: 4.74% vs 6.5%
15786 Indian Brook Circle, Parker, CO 80134 · 4bd/2ba · $764,000
List Price
$764,000
Assumable Rate
4.74%
Remaining Balance
$240,259
Equity Gap
$523,740
Loan Type
FHAAdjust Your Scenario
$38,200
$38,200$523,740
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.74% (FHA)
Blended Rate: 6.59%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,588/moAssumable @ 4.74% + gap loan
$4,647/moAssumed loan: $1,252/mo
Gap financing: $3,395/mo
Your Savings on This Property
15786 Indian Brook Circle, Parker · 4.74% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($523,740) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,200, 5% of purchase price) and a second mortgage for the rest ($485,540 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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