Loan Comparison: 4.56% vs 6.5%
10929 Birch Drive, Thornton, CO 80218 · 1bd/1ba · $439,900
List Price
$439,900
Assumable Rate
4.56%
Remaining Balance
$95,364
Equity Gap
$344,535
Loan Type
FHAAdjust Your Scenario
$21,995
$21,995$344,535
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.56% (FHA)
Blended Rate: 6.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,641/moAssumable @ 4.56% + gap loan
$2,742/moAssumed loan: $487/mo
Gap financing: $2,255/mo
Your Savings on This Property
10929 Birch Drive, Thornton · 4.56% 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 ($344,535) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,995, 5% of purchase price) and a second mortgage for the rest ($322,540 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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