Loan Comparison: 3.56% vs 6.5%
8412 Galvani Trail, Highlands Ranch, CO 80129 · 5bd/3ba · $475,000
List Price
$475,000
Assumable Rate
3.56%
Remaining Balance
$418,860
Equity Gap
$56,140
Loan Type
FHAAdjust Your Scenario
$23,750
$23,750$56,140
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.56% (FHA)
Blended Rate: 3.84%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 3.56% + gap loan
$2,121/moAssumed loan: $1,895/mo
Gap financing: $226/mo
$731less per month with the assumable
Your Savings on This Property
8412 Galvani Trail, Highlands Ranch · 3.56% FHA vs 6.5% conventional
$731
per month
$8,770
per year
$263,090
over 30 years
$263,090
interest saved
How gap financing works: The equity gap ($56,140) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($32,390 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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