Loan Comparison: 5% vs 6.5%
909 Dogwood, Fort Lupton, CO 80621 · 4bd/2ba · $449,999
List Price
$449,999
Assumable Rate
5%
Remaining Balance
$76,768
Equity Gap
$373,230
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$373,230
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5% (FHA)
Blended Rate: 7.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 5% + gap loan
$3,109/moAssumed loan: $412/mo
Gap financing: $2,697/mo
Your Savings on This Property
909 Dogwood, Fort Lupton · 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 ($373,230) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($350,730 at 8.5%). 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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