Loan Comparison: 3.72% vs 6.5%
1314 Saint Croix, Fort Collins, CO 80525 · 3bd/3ba · $549,000
List Price
$549,000
Assumable Rate
3.72%
Remaining Balance
$345,013
Equity Gap
$197,996
Loan Type
FHAAdjust Your Scenario
$27,450
$27,450$197,996
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (FHA)
Blended Rate: 5.30%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,297/moAssumable @ 3.72% + gap loan
$2,903/moAssumed loan: $1,592/mo
Gap financing: $1,311/mo
$393less per month with the assumable
Your Savings on This Property
1314 Saint Croix, Fort Collins · 3.72% FHA vs 6.5% conventional
$393
per month
$4,719
per year
$141,573
over 30 years
$135,582
interest saved
How gap financing works: The equity gap ($197,996) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,450, 5% of purchase price) and a second mortgage for the rest ($170,546 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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