Loan Comparison: 6.47% vs 6.5%
8642 Canongate Lane, Highlands Ranch, CO 80130 · 3bd/2ba · $800,000
List Price
$800,000
Assumable Rate
6.47%
Remaining Balance
$687,180
Equity Gap
$112,820
Loan Type
FHAAdjust Your Scenario
$40,000
$40,000$112,820
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.47% (FHA)
Blended Rate: 6.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,804/moAssumable @ 6.47% + gap loan
$4,839/moAssumed loan: $4,330/mo
Gap financing: $509/mo
Your Savings on This Property
8642 Canongate Lane, Highlands Ranch · 6.47% 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 ($112,820) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($40,000, 5% of purchase price) and a second mortgage for the rest ($72,820 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 8642 Canongate Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.