Loan Comparison: 3.05% vs 6.5%
11980 Triple Crown Drive, Parker, CO 80134 · 4bd/3ba · $774,973
List Price
$774,973
Assumable Rate
3.05%
Remaining Balance
$522,258
Equity Gap
$252,715
Loan Type
FHAAdjust Your Scenario
$38,749
$38,749$252,715
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.05% (FHA)
Blended Rate: 4.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,653/moAssumable @ 3.05% + gap loan
$3,712/moAssumed loan: $2,216/mo
Gap financing: $1,496/mo
$941less per month with the assumable
Your Savings on This Property
11980 Triple Crown Drive, Parker · 3.05% FHA vs 6.5% conventional
$941
per month
$11,297
per year
$338,900
over 30 years
$338,899
interest saved
How gap financing works: The equity gap ($252,715) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,749, 5% of purchase price) and a second mortgage for the rest ($213,966 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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