Loan Comparison: 7.02% vs 6.5%
5933 Culebra Court, Golden, CO 80403 · 3bd/2ba · $649,000
List Price
$649,000
Assumable Rate
7.02%
Remaining Balance
$498,877
Equity Gap
$150,122
Loan Type
FHAAdjust Your Scenario
$32,450
$32,450$150,122
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.02% (FHA)
Blended Rate: 7.11%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,897/moAssumable @ 7.02% + gap loan
$4,149/moAssumed loan: $3,326/mo
Gap financing: $823/mo
Your Savings on This Property
5933 Culebra Court, Golden · 7.02% 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 ($150,122) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,450, 5% of purchase price) and a second mortgage for the rest ($117,672 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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