Loan Comparison: 4.48% vs 6.5%
11230 Endeavor, Parker, CO 80134 · 4bd/4ba · $799,000
List Price
$799,000
Assumable Rate
4.48%
Remaining Balance
$650,138
Equity Gap
$145,609
Loan Type
FHAAdjust Your Scenario
$39,950
$39,950$145,609
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.48% (FHA)
Blended Rate: 5.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,798/moAssumable @ 4.48% + gap loan
$4,099/moAssumed loan: $3,286/mo
Gap financing: $812/mo
$699less per month with the assumable
Your Savings on This Property
11230 Endeavor, Parker · 4.48% FHA vs 6.5% conventional
$699
per month
$8,386
per year
$251,587
over 30 years
$248,334
interest saved
How gap financing works: The equity gap ($145,609) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,950, 5% of purchase price) and a second mortgage for the rest ($105,659 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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