Loan Comparison: 3.9% vs 6.5%
1100 Atlas Circle, Lafayette, CO 80026 · 5bd/2ba · $695,900
List Price
$695,900
Assumable Rate
3.9%
Remaining Balance
$240,956
Equity Gap
$454,943
Loan Type
FHAAdjust Your Scenario
$34,795
$34,795$454,943
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.9% (FHA)
Blended Rate: 6.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,179/moAssumable @ 3.9% + gap loan
$4,074/moAssumed loan: $1,137/mo
Gap financing: $2,938/mo
$104less per month with the assumable
Your Savings on This Property
1100 Atlas Circle, Lafayette · 3.9% FHA vs 6.5% conventional
$104
per month
$1,253
per year
$37,578
over 30 years
$37,577
interest saved
How gap financing works: The equity gap ($454,943) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,795, 5% of purchase price) and a second mortgage for the rest ($420,148 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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