Loan Comparison: 5.63% vs 6.5%
8401 Timberwood Street, Highlands Ranch, CO 80126 · 4bd/4ba · $645,000
List Price
$645,000
Assumable Rate
5.63%
Remaining Balance
$123,529
Equity Gap
$521,470
Loan Type
FHAAdjust Your Scenario
$32,250
$32,250$521,470
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.63% (FHA)
Blended Rate: 7.12%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,873/moAssumable @ 5.63% + gap loan
$4,132/moAssumed loan: $711/mo
Gap financing: $3,421/mo
Your Savings on This Property
8401 Timberwood Street, Highlands Ranch · 5.63% 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 ($521,470) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,250, 5% of purchase price) and a second mortgage for the rest ($489,220 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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