Loan Comparison: 4.42% vs 6.5%
2871 Night Sky, Berthoud, CO 80513 · 4bd/3ba · $524,500
List Price
$524,500
Assumable Rate
4.42%
Remaining Balance
$386,735
Equity Gap
$137,765
Loan Type
FHAAdjust Your Scenario
$26,225
$26,225$137,765
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.42% (FHA)
Blended Rate: 5.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,149/moAssumable @ 4.42% + gap loan
$2,799/moAssumed loan: $1,941/mo
Gap financing: $858/mo
$351less per month with the assumable
Your Savings on This Property
2871 Night Sky, Berthoud · 4.42% FHA vs 6.5% conventional
$351
per month
$4,207
per year
$126,217
over 30 years
$126,217
interest saved
How gap financing works: The equity gap ($137,765) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,225, 5% of purchase price) and a second mortgage for the rest ($111,540 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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