Loan Comparison: 3.87% vs 6.5%
1125 Eaton, Lakewood, CO 80232 · 6bd/3ba · $599,000
List Price
$599,000
Assumable Rate
3.87%
Remaining Balance
$206,046
Equity Gap
$392,954
Loan Type
FHAAdjust Your Scenario
$29,950
$29,950$392,954
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.87% (FHA)
Blended Rate: 6.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,597/moAssumable @ 3.87% + gap loan
$3,760/moAssumed loan: $968/mo
Gap financing: $2,791/mo
Your Savings on This Property
1125 Eaton, Lakewood · 3.87% 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 ($392,954) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,950, 5% of purchase price) and a second mortgage for the rest ($363,004 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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