Loan Comparison: 6.09% vs 6.5%
8468 Kalamath Court, Federal Heights, CO 80260 · 3bd/3ba · $479,000
List Price
$479,000
Assumable Rate
6.09%
Remaining Balance
$87,029
Equity Gap
$391,971
Loan Type
FHAAdjust Your Scenario
$23,950
$23,950$391,971
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.09% (FHA)
Blended Rate: 7.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,876/moAssumable @ 6.09% + gap loan
$3,100/moAssumed loan: $527/mo
Gap financing: $2,573/mo
Your Savings on This Property
8468 Kalamath Court, Federal Heights · 6.09% 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 ($391,971) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,950, 5% of purchase price) and a second mortgage for the rest ($368,021 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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