Loan Comparison: 3.76% vs 6.5%
739 Sage, Berthoud, CO 80513 · 3bd/4ba · $529,000
List Price
$529,000
Assumable Rate
3.76%
Remaining Balance
$438,313
Equity Gap
$89,042
Loan Type
FHAAdjust Your Scenario
$26,450
$26,450$89,042
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (FHA)
Blended Rate: 4.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,176/moAssumable @ 3.76% + gap loan
$2,514/moAssumed loan: $2,032/mo
Gap financing: $481/mo
$663less per month with the assumable
Your Savings on This Property
739 Sage, Berthoud · 3.76% FHA vs 6.5% conventional
$663
per month
$7,954
per year
$238,606
over 30 years
$236,961
interest saved
How gap financing works: The equity gap ($89,042) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,450, 5% of purchase price) and a second mortgage for the rest ($62,592 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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