Loan Comparison: 6.5% vs 6.5%
9608 Red Oakes Drive, Highlands Ranch, CO 80015 · 2bd/2ba · $765,000
List Price
$765,000
Assumable Rate
6.5%
Remaining Balance
$200,000
Equity Gap
$565,000
Loan Type
FHAAdjust Your Scenario
$38,250
$38,250$565,000
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (FHA)
Blended Rate: 7.22%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,594/moAssumable @ 6.5% + gap loan
$4,947/moAssumed loan: $1,264/mo
Gap financing: $3,683/mo
Your Savings on This Property
9608 Red Oakes Drive, Highlands Ranch · 6.5% 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 ($565,000) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,250, 5% of purchase price) and a second mortgage for the rest ($526,750 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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