Loan Comparison: 3.45% vs 6.5%
4572 Hayler, Loveland, CO 80538 · 5bd/3ba · $535,000
List Price
$535,000
Assumable Rate
3.45%
Remaining Balance
$303,372
Equity Gap
$231,628
Loan Type
FHAAdjust Your Scenario
$26,750
$26,750$231,628
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 5.49%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 3.45% + gap loan
$2,929/moAssumed loan: $1,354/mo
Gap financing: $1,575/mo
$283less per month with the assumable
Your Savings on This Property
4572 Hayler, Loveland · 3.45% FHA vs 6.5% conventional
$283
per month
$3,400
per year
$101,998
over 30 years
$101,998
interest saved
How gap financing works: The equity gap ($231,628) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($204,878 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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