Loan Comparison: 5.52% vs 6.5%
8508 Audubon, Fort Collins, CO 80528 · 3bd/2ba · $269,900
List Price
$269,900
Assumable Rate
5.52%
Remaining Balance
$230,743
Equity Gap
$49,579
Loan Type
FHAAdjust Your Scenario
$13,495
$13,495$49,579
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 5.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,621/moAssumable @ 5.52% + gap loan
$1,590/moAssumed loan: $1,313/mo
Gap financing: $277/mo
$30less per month with the assumable
Your Savings on This Property
8508 Audubon, Fort Collins · 5.52% FHA vs 6.5% conventional
$30
per month
$362
per year
$10,861
over 30 years
$21,283
interest saved
How gap financing works: The equity gap ($49,579) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,495, 5% of purchase price) and a second mortgage for the rest ($36,084 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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