Loan Comparison: 3.45% vs 6.5%
7105 Hudson Circle, Centennial, CO 80015 · 4bd/3ba · $899,000
List Price
$899,000
Assumable Rate
3.45%
Remaining Balance
$563,422
Equity Gap
$335,577
Loan Type
FHAAdjust Your Scenario
$44,950
$44,950$335,577
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 4.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,398/moAssumable @ 3.45% + gap loan
$4,546/moAssumed loan: $2,514/mo
Gap financing: $2,032/mo
$852less per month with the assumable
Your Savings on This Property
7105 Hudson Circle, Centennial · 3.45% FHA vs 6.5% conventional
$852
per month
$10,221
per year
$306,631
over 30 years
$306,630
interest saved
How gap financing works: The equity gap ($335,577) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,950, 5% of purchase price) and a second mortgage for the rest ($290,627 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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