Loan Comparison: 2.79% vs 6.5%

10586 Wildhurst, Highlands Ranch, CO 80126 · 3bd/3ba · $599,900

List Price
$599,900
Assumable Rate
2.79%
Remaining Balance
$516,154
Equity Gap
$79,115
Loan Type
FHA

Adjust Your Scenario

$29,995
$29,995$79,115
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.79% (FHA)
Blended Rate: 3.29%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,602/mo
Assumable @ 2.79% + gap loan
$2,496/mo
Assumed loan: $2,118/mo
Gap financing: $378/mo
$1,106less per month with the assumable

Your Savings on This Property

10586 Wildhurst, Highlands Ranch · 2.79% FHA vs 6.5% conventional

$1,106
per month
$13,277
per year
$398,301
over 30 years
$393,670
interest saved
How gap financing works: The equity gap ($79,115) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,995, 5% of purchase price) and a second mortgage for the rest ($49,120 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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