Loan Comparison: 4.03% vs 6.5%
244 Sagebrush Court, Lochbuie, CO 80601 · 3bd/4ba · $455,000
List Price
$455,000
Assumable Rate
4.03%
Remaining Balance
$251,703
Equity Gap
$203,296
Loan Type
FHAAdjust Your Scenario
$22,750
$22,750$203,296
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.03% (FHA)
Blended Rate: 5.48%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,732/moAssumable @ 4.03% + gap loan
$2,468/moAssumed loan: $1,206/mo
Gap financing: $1,262/mo
$264less per month with the assumable
Your Savings on This Property
244 Sagebrush Court, Lochbuie · 4.03% FHA vs 6.5% conventional
$264
per month
$3,164
per year
$94,926
over 30 years
$94,925
interest saved
How gap financing works: The equity gap ($203,296) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,750, 5% of purchase price) and a second mortgage for the rest ($180,546 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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