Loan Comparison: 4.17% vs 6.5%
3741 Barnard Lane, Johnstown, CO 80534 · 4bd/3ba · $550,000
List Price
$550,000
Assumable Rate
4.17%
Remaining Balance
$439,914
Equity Gap
$110,085
Loan Type
FHAAdjust Your Scenario
$27,500
$27,500$110,085
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (FHA)
Blended Rate: 4.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 4.17% + gap loan
$2,721/moAssumed loan: $2,144/mo
Gap financing: $577/mo
$582less per month with the assumable
Your Savings on This Property
3741 Barnard Lane, Johnstown · 4.17% FHA vs 6.5% conventional
$582
per month
$6,979
per year
$209,358
over 30 years
$209,357
interest saved
How gap financing works: The equity gap ($110,085) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($82,585 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 3741 Barnard Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.