Loan Comparison: 2.83% vs 6.5%
8615 Gold Peak, Highlands Ranch, CO 80130 · 3bd/3ba · $635,000
List Price
$635,000
Assumable Rate
2.83%
Remaining Balance
$322,099
Equity Gap
$309,904
Loan Type
FHAAdjust Your Scenario
$31,750
$31,750$309,904
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (FHA)
Blended Rate: 5.46%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,813/moAssumable @ 2.83% + gap loan
$3,467/moAssumed loan: $1,329/mo
Gap financing: $2,139/mo
$346less per month with the assumable
Your Savings on This Property
8615 Gold Peak, Highlands Ranch · 2.83% FHA vs 6.5% conventional
$346
per month
$4,147
per year
$124,401
over 30 years
$121,404
interest saved
How gap financing works: The equity gap ($309,904) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,750, 5% of purchase price) and a second mortgage for the rest ($278,154 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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