Loan Comparison: 6.58% vs 6.5%
108 Zante Street, Lochbuie, CO 80603 · 3bd/3ba · $325,000
List Price
$325,000
Assumable Rate
6.58%
Remaining Balance
$24,257
Equity Gap
$300,742
Loan Type
FHAAdjust Your Scenario
$16,250
$16,250$300,742
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.58% (FHA)
Blended Rate: 7.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,952/moAssumable @ 6.58% + gap loan
$2,144/moAssumed loan: $155/mo
Gap financing: $1,989/mo
Your Savings on This Property
108 Zante Street, Lochbuie · 6.58% 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 ($300,742) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,250, 5% of purchase price) and a second mortgage for the rest ($284,492 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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