Loan Comparison: 3.75% vs 6.5%
503 Snowmass Circle, Superior, CO 80229 · 2bd/1ba · $1,150,000
List Price
$1,150,000
Assumable Rate
3.75%
Remaining Balance
$934,526
Equity Gap
$215,473
Loan Type
FHAAdjust Your Scenario
$57,500
$57,500$215,473
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (FHA)
Blended Rate: 4.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,905/moAssumable @ 3.75% + gap loan
$5,433/moAssumed loan: $4,328/mo
Gap financing: $1,105/mo
$1,473less per month with the assumable
Your Savings on This Property
503 Snowmass Circle, Superior · 3.75% FHA vs 6.5% conventional
$1,473
per month
$17,674
per year
$530,221
over 30 years
$530,220
interest saved
How gap financing works: The equity gap ($215,473) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($57,500, 5% of purchase price) and a second mortgage for the rest ($157,973 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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