Loan Comparison: 2.83% vs 6.5%
8615 Gold Peak, Highlands Ranch, CO 80130 · 3bd/3ba · $647,500
List Price
$647,500
Assumable Rate
2.83%
Remaining Balance
$323,601
Equity Gap
$322,404
Loan Type
FHAAdjust Your Scenario
$32,375
$32,375$322,404
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (FHA)
Blended Rate: 5.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,888/moAssumable @ 2.83% + gap loan
$3,565/moAssumed loan: $1,335/mo
Gap financing: $2,230/mo
$323less per month with the assumable
Your Savings on This Property
8615 Gold Peak, Highlands Ranch · 2.83% FHA vs 6.5% conventional
$323
per month
$3,877
per year
$116,320
over 30 years
$114,825
interest saved
How gap financing works: The equity gap ($322,404) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,375, 5% of purchase price) and a second mortgage for the rest ($290,029 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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