Loan Comparison: 7.79% vs 6.5%
18280 Caffey Drive, Parker, CO 80134 · 2bd/2ba · $479,999
List Price
$479,999
Assumable Rate
7.79%
Remaining Balance
$446,504
Equity Gap
$33,494
Loan Type
FHAAdjust Your Scenario
$24,000
$24,000$33,494
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.79% (FHA)
Blended Rate: 7.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 7.79% + gap loan
$3,278/moAssumed loan: $3,211/mo
Gap financing: $66/mo
Your Savings on This Property
18280 Caffey Drive, Parker · 7.79% 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 ($33,494) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,000, 5% of purchase price) and a second mortgage for the rest ($9,494 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.
🏠
Back to This Listing
View photos, details, and request a showing for 18280 Caffey Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.