Loan Comparison: 5.52% vs 6.5%
16772 Chilton, Mead, CO 80542 · 3bd/2ba · $500,000
List Price
$500,000
Assumable Rate
5.52%
Remaining Balance
$437,448
Equity Gap
$62,552
Loan Type
FHAAdjust Your Scenario
$25,000
$25,000$62,552
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 5.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 5.52% + gap loan
$2,778/moAssumed loan: $2,489/mo
Gap financing: $289/mo
$224less per month with the assumable
Your Savings on This Property
16772 Chilton, Mead · 5.52% FHA vs 6.5% conventional
$224
per month
$2,692
per year
$80,751
over 30 years
$80,751
interest saved
How gap financing works: The equity gap ($62,552) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($37,552 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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