Loan Comparison: 4.48% vs 6.5%
11230 Endeavor, Parker, CO 80134 · 4bd/4ba · $824,999
List Price
$824,999
Assumable Rate
4.48%
Remaining Balance
$651,226
Equity Gap
$173,772
Loan Type
FHAAdjust Your Scenario
$41,250
$41,250$173,772
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.48% (FHA)
Blended Rate: 5.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,954/moAssumable @ 4.48% + gap loan
$4,311/moAssumed loan: $3,292/mo
Gap financing: $1,019/mo
$643less per month with the assumable
Your Savings on This Property
11230 Endeavor, Parker · 4.48% FHA vs 6.5% conventional
$643
per month
$7,715
per year
$231,450
over 30 years
$231,449
interest saved
How gap financing works: The equity gap ($173,772) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,250, 5% of purchase price) and a second mortgage for the rest ($132,522 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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