Loan Comparison: 4.96% vs 6.5%
815 Alpine, Boulder, CO 80304 · 2bd/1ba · $495,000
List Price
$495,000
Assumable Rate
4.96%
Remaining Balance
$0
Equity Gap
$503,046
Loan Type
FHAAdjust Your Scenario
$24,750
$24,750$503,046
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.96% (FHA)
Blended Rate: 8.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,972/moAssumable @ 4.96% + gap loan
$3,678/moAssumed loan: $0/mo
Gap financing: $3,678/mo
Your Savings on This Property
815 Alpine, Boulder · 4.96% 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 ($503,046) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,750, 5% of purchase price) and a second mortgage for the rest ($478,296 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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