Loan Comparison: 3.76% vs 6.5%
1804 101st, Greeley, CO 80634 · 3bd/3ba · $525,000
List Price
$525,000
Assumable Rate
3.76%
Remaining Balance
$405,034
Equity Gap
$119,966
Loan Type
FHAAdjust Your Scenario
$26,250
$26,250$119,966
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (FHA)
Blended Rate: 4.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.76% + gap loan
$2,599/moAssumed loan: $1,878/mo
Gap financing: $721/mo
$554less per month with the assumable
Your Savings on This Property
1804 101st, Greeley · 3.76% FHA vs 6.5% conventional
$554
per month
$6,645
per year
$199,357
over 30 years
$199,357
interest saved
How gap financing works: The equity gap ($119,966) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($93,716 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.
🏠
Back to This Listing
View photos, details, and request a showing for 1804 101st.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.