Loan Comparison: 4.47% vs 6.5%
3124 49th, Greeley, CO 80634 · 5bd/2ba · $399,000
List Price
$399,000
Assumable Rate
4.47%
Remaining Balance
$313,222
Equity Gap
$130,024
Loan Type
FHAAdjust Your Scenario
$19,950
$19,950$130,024
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.47% (FHA)
Blended Rate: 5.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,396/moAssumable @ 4.47% + gap loan
$2,428/moAssumed loan: $1,581/mo
Gap financing: $846/mo
Your Savings on This Property
3124 49th, Greeley · 4.47% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$32,729
interest saved
How gap financing works: The equity gap ($130,024) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,950, 5% of purchase price) and a second mortgage for the rest ($110,074 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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