Loan Comparison: 3.95% vs 6.5%
1720 32nd, Evans, CO 80620 · 4bd/3ba · $375,000
List Price
$375,000
Assumable Rate
3.95%
Remaining Balance
$180,799
Equity Gap
$193,771
Loan Type
FHAAdjust Your Scenario
$18,750
$18,750$193,771
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.95% (FHA)
Blended Rate: 6.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,252/moAssumable @ 3.95% + gap loan
$2,204/moAssumed loan: $858/mo
Gap financing: $1,346/mo
$48less per month with the assumable
Your Savings on This Property
1720 32nd, Evans · 3.95% FHA vs 6.5% conventional
$48
per month
$576
per year
$17,289
over 30 years
$16,859
interest saved
How gap financing works: The equity gap ($193,771) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,750, 5% of purchase price) and a second mortgage for the rest ($175,021 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.