Loan Comparison: 4.37% vs 6.5%
3855 Canyon Ranch Road, Highlands Ranch, CO 80126 · 2bd/2ba · $339,000
List Price
$339,000
Assumable Rate
4.37%
Remaining Balance
$88,405
Equity Gap
$250,595
Loan Type
FHAAdjust Your Scenario
$16,950
$16,950$250,595
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.37% (FHA)
Blended Rate: 7.37%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,036/moAssumable @ 4.37% + gap loan
$2,238/moAssumed loan: $441/mo
Gap financing: $1,797/mo
Your Savings on This Property
3855 Canyon Ranch Road, Highlands Ranch · 4.37% 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 ($250,595) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,950, 5% of purchase price) and a second mortgage for the rest ($233,645 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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