Loan Comparison: 6.07% vs 6.5%
10733 Twenty Mile Road, Parker, CO 80134 · 4bd/2ba · $344,900
List Price
$344,900
Assumable Rate
6.07%
Remaining Balance
$78,045
Equity Gap
$266,855
Loan Type
FHAAdjust Your Scenario
$17,245
$17,245$266,855
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.07% (FHA)
Blended Rate: 7.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,071/moAssumable @ 6.07% + gap loan
$2,217/moAssumed loan: $471/mo
Gap financing: $1,745/mo
Your Savings on This Property
10733 Twenty Mile Road, Parker · 6.07% 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 ($266,855) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,245, 5% of purchase price) and a second mortgage for the rest ($249,610 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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