Loan Comparison: 4.75% vs 6.5%
3800 Pinnacles, Evans, CO 80620 · 3bd/3ba · $350,000
List Price
$350,000
Assumable Rate
4.75%
Remaining Balance
$488,390
Equity Gap
$350,000
Loan Type
FHAAdjust Your Scenario
$17,500
$17,500$350,000
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.75% (FHA)
Blended Rate: 6.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,102/moAssumable @ 4.75% + gap loan
$5,104/moAssumed loan: $2,548/mo
Gap financing: $2,557/mo
Your Savings on This Property
3800 Pinnacles, Evans · 4.75% 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 ($350,000) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,500, 5% of purchase price) and a second mortgage for the rest ($332,500 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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