Loan Comparison: 6.43% vs 6.5%
5460 Ault Drive, Loveland, CO 80538 · 3bd/2ba · $673,000
List Price
$673,000
Assumable Rate
6.43%
Remaining Balance
$558,295
Equity Gap
$114,704
Loan Type
FHAAdjust Your Scenario
$33,650
$33,650$114,704
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.43% (FHA)
Blended Rate: 6.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,041/moAssumable @ 6.43% + gap loan
$4,070/moAssumed loan: $3,503/mo
Gap financing: $567/mo
Your Savings on This Property
5460 Ault Drive, Loveland · 6.43% 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 ($114,704) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,650, 5% of purchase price) and a second mortgage for the rest ($81,054 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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