Loan Comparison: 3.1% vs 6.5%
3727 Cactus Creek Court, Highlands Ranch, CO 80134 · 2bd/2ba · $345,000
List Price
$345,000
Assumable Rate
3.1%
Remaining Balance
$320,057
Equity Gap
$24,942
Loan Type
FHAAdjust Your Scenario
$17,250
$17,250$24,942
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.1% (FHA)
Blended Rate: 3.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,072/moAssumable @ 3.1% + gap loan
$1,420/moAssumed loan: $1,367/mo
Gap financing: $54/mo
$651less per month with the assumable
Your Savings on This Property
3727 Cactus Creek Court, Highlands Ranch · 3.1% FHA vs 6.5% conventional
$651
per month
$7,813
per year
$234,404
over 30 years
$234,403
interest saved
How gap financing works: The equity gap ($24,942) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,250, 5% of purchase price) and a second mortgage for the rest ($7,692 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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