Loan Comparison: 3.06% vs 6.5%
865 Winding Brook, Berthoud, CO 80513 · 3bd/3ba · $385,000
List Price
$385,000
Assumable Rate
3.06%
Remaining Balance
$323,559
Equity Gap
$61,440
Loan Type
FHAAdjust Your Scenario
$19,250
$19,250$61,440
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (FHA)
Blended Rate: 3.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,312/moAssumable @ 3.06% + gap loan
$1,699/moAssumed loan: $1,375/mo
Gap financing: $324/mo
$613less per month with the assumable
Your Savings on This Property
865 Winding Brook, Berthoud · 3.06% FHA vs 6.5% conventional
$613
per month
$7,353
per year
$220,591
over 30 years
$220,590
interest saved
How gap financing works: The equity gap ($61,440) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,250, 5% of purchase price) and a second mortgage for the rest ($42,190 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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