Loan Comparison: 5.75% vs 6.5%
39 Spring Lane, Boulder, CO 80302 · 1bd/1ba · $900,000
List Price
$900,000
Assumable Rate
5.75%
Remaining Balance
$659,353
Equity Gap
$240,646
Loan Type
FHAAdjust Your Scenario
$45,000
$45,000$240,646
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.75% (FHA)
Blended Rate: 6.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,404/moAssumable @ 5.75% + gap loan
$5,216/moAssumed loan: $3,848/mo
Gap financing: $1,368/mo
$188less per month with the assumable
Your Savings on This Property
39 Spring Lane, Boulder · 5.75% FHA vs 6.5% conventional
$188
per month
$2,261
per year
$67,821
over 30 years
$67,820
interest saved
How gap financing works: The equity gap ($240,646) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($45,000, 5% of purchase price) and a second mortgage for the rest ($195,646 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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