Loan Comparison: 2.96% vs 6.5%
3807 Central, Evans, CO 80620 · 3bd/1ba · $365,000
List Price
$365,000
Assumable Rate
2.96%
Remaining Balance
$256,365
Equity Gap
$108,634
Loan Type
FHAAdjust Your Scenario
$18,250
$18,250$108,634
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (FHA)
Blended Rate: 4.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 2.96% + gap loan
$1,770/moAssumed loan: $1,075/mo
Gap financing: $695/mo
$421less per month with the assumable
Your Savings on This Property
3807 Central, Evans · 2.96% FHA vs 6.5% conventional
$421
per month
$5,057
per year
$151,704
over 30 years
$151,703
interest saved
How gap financing works: The equity gap ($108,634) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($90,384 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.
🏠
Back to This Listing
View photos, details, and request a showing for 3807 Central.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.