Loan Comparison: 4.65% vs 6.5%
8640 105th Court, Henderson, CO 80640 · 3bd/3ba · $480,000
List Price
$480,000
Assumable Rate
4.65%
Remaining Balance
$307,744
Equity Gap
$172,256
Loan Type
FHAAdjust Your Scenario
$24,000
$24,000$172,256
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.65% (FHA)
Blended Rate: 5.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 4.65% + gap loan
$2,623/moAssumed loan: $1,587/mo
Gap financing: $1,037/mo
$259less per month with the assumable
Your Savings on This Property
8640 105th Court, Henderson · 4.65% FHA vs 6.5% conventional
$259
per month
$3,105
per year
$93,154
over 30 years
$93,154
interest saved
How gap financing works: The equity gap ($172,256) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,000, 5% of purchase price) and a second mortgage for the rest ($148,256 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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