Loan Comparison: 5.38% vs 6.5%
13715 Winchester Way, Parker, CO 80138 · 2bd/2ba · $989,000
List Price
$989,000
Assumable Rate
5.38%
Remaining Balance
$180,606
Equity Gap
$808,394
Loan Type
FHAAdjust Your Scenario
$49,450
$49,450$808,394
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.38% (FHA)
Blended Rate: 7.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,939/moAssumable @ 5.38% + gap loan
$6,319/moAssumed loan: $1,012/mo
Gap financing: $5,307/mo
Your Savings on This Property
13715 Winchester Way, Parker · 5.38% 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 ($808,394) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($49,450, 5% of purchase price) and a second mortgage for the rest ($758,944 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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