Loan Comparison: 2.88% vs 6.5%

4335 Lyndenwood Point, Highlands Ranch, CO 80015 · 4bd/4ba · $580,000

List Price
$580,000
Assumable Rate
2.88%
Remaining Balance
$376,628
Equity Gap
$203,372
Loan Type
FHA

Adjust Your Scenario

$29,000
$29,000$203,372
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (FHA)
Blended Rate: 4.34%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,483/mo
Assumable @ 2.88% + gap loan
$2,783/mo
Assumed loan: $1,564/mo
Gap financing: $1,219/mo
$700less per month with the assumable

Your Savings on This Property

4335 Lyndenwood Point, Highlands Ranch · 2.88% FHA vs 6.5% conventional

$700
per month
$8,398
per year
$251,947
over 30 years
$251,947
interest saved
How gap financing works: The equity gap ($203,372) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,000, 5% of purchase price) and a second mortgage for the rest ($174,372 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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