Loan Comparison: 3.06% vs 6.5%
2333 Mountain Sky, Fort Lupton, CO 80621 · 3bd/3ba · $435,000
List Price
$435,000
Assumable Rate
3.06%
Remaining Balance
$345,120
Equity Gap
$86,887
Loan Type
FHAAdjust Your Scenario
$21,750
$21,750$86,887
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (FHA)
Blended Rate: 3.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 3.06% + gap loan
$1,967/moAssumed loan: $1,466/mo
Gap financing: $501/mo
$645less per month with the assumable
Your Savings on This Property
2333 Mountain Sky, Fort Lupton · 3.06% FHA vs 6.5% conventional
$645
per month
$7,739
per year
$232,179
over 30 years
$229,186
interest saved
How gap financing works: The equity gap ($86,887) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,750, 5% of purchase price) and a second mortgage for the rest ($65,137 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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