Loan Comparison: 6.49% vs 6.5%
4008 Three Bridges Court, Loveland, CO 80538 · 4bd/2ba · $325,000
List Price
$325,000
Assumable Rate
6.49%
Remaining Balance
$7,749
Equity Gap
$317,251
Loan Type
FHAAdjust Your Scenario
$16,250
$16,250$317,251
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.49% (FHA)
Blended Rate: 7.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,952/moAssumable @ 6.49% + gap loan
$2,154/moAssumed loan: $49/mo
Gap financing: $2,105/mo
Your Savings on This Property
4008 Three Bridges Court, Loveland · 6.49% 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 ($317,251) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,250, 5% of purchase price) and a second mortgage for the rest ($301,001 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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