Loan Comparison: 6.72% vs 6.5%
3514 Pueblo Street, Evans, CO 80620 · 4bd/5ba · $525,000
List Price
$525,000
Assumable Rate
6.72%
Remaining Balance
$432,200
Equity Gap
$92,800
Loan Type
FHAAdjust Your Scenario
$26,250
$26,250$92,800
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.72% (FHA)
Blended Rate: 6.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 6.72% + gap loan
$3,260/moAssumed loan: $2,795/mo
Gap financing: $465/mo
Your Savings on This Property
3514 Pueblo Street, Evans · 6.72% 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 ($92,800) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($66,550 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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