Loan Comparison: 3.1% vs 6.5%
672 English Sparrow Trail, Highlands Ranch, CO 80016 · 5bd/3ba · $699,900
List Price
$699,900
Assumable Rate
3.1%
Remaining Balance
$387,072
Equity Gap
$312,828
Loan Type
FHAAdjust Your Scenario
$34,995
$34,995$312,828
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.1% (FHA)
Blended Rate: 4.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 3.1% + gap loan
$3,596/moAssumed loan: $1,653/mo
Gap financing: $1,943/mo
$607less per month with the assumable
Your Savings on This Property
672 English Sparrow Trail, Highlands Ranch · 3.1% FHA vs 6.5% conventional
$607
per month
$7,286
per year
$218,571
over 30 years
$218,571
interest saved
How gap financing works: The equity gap ($312,828) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,995, 5% of purchase price) and a second mortgage for the rest ($277,833 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.
🏠
Back to This Listing
View photos, details, and request a showing for 672 English Sparrow Trail.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.