Loan Comparison: 6.67% vs 6.5%
15765 Girard Avenue, Morrison, CO 80204 · 4bd/2ba · $699,000
List Price
$699,000
Assumable Rate
6.67%
Remaining Balance
$663,143
Equity Gap
$35,857
Loan Type
FHAAdjust Your Scenario
$34,950
$34,950$35,857
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.67% (FHA)
Blended Rate: 6.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,197/moAssumable @ 6.67% + gap loan
$4,272/moAssumed loan: $4,266/mo
Gap financing: $6/mo
Your Savings on This Property
15765 Girard Avenue, Morrison · 6.67% 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 ($35,857) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,950, 5% of purchase price) and a second mortgage for the rest ($907 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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