Loan Comparison: 6.65% vs 6.5%
115 48th Avenue, Greeley, CO 80634 · 4bd/2ba · $430,000
List Price
$430,000
Assumable Rate
6.65%
Remaining Balance
$332,764
Equity Gap
$97,236
Loan Type
FHAAdjust Your Scenario
$21,500
$21,500$97,236
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.65% (FHA)
Blended Rate: 6.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 6.65% + gap loan
$2,666/moAssumed loan: $2,136/mo
Gap financing: $530/mo
Your Savings on This Property
115 48th Avenue, Greeley · 6.65% 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 ($97,236) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($75,736 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 115 48th Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.