Loan Comparison: 5.79% vs 6.5%
9615 Aspen Hill Circle, Lone Tree, CO 80124 · 1bd/1ba · $1,495,000
List Price
$1,495,000
Assumable Rate
5.79%
Remaining Balance
$146,971
Equity Gap
$1,348,028
Loan Type
FHAAdjust Your Scenario
$74,750
$74,750$1,348,028
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.79% (FHA)
Blended Rate: 7.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,977/moAssumable @ 5.79% + gap loan
$9,764/moAssumed loan: $861/mo
Gap financing: $8,903/mo
Your Savings on This Property
9615 Aspen Hill Circle, Lone Tree · 5.79% 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 ($1,348,028) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($74,750, 5% of purchase price) and a second mortgage for the rest ($1,273,278 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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