Loan Comparison: 5.43% vs 6.5%
10928 Bayfield, Parker, CO 80138 · 2bd/1ba · $325,000
List Price
$325,000
Assumable Rate
5.43%
Remaining Balance
$0
Equity Gap
$336,504
Loan Type
FHAAdjust Your Scenario
$16,250
$16,250$336,504
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.43% (FHA)
Blended Rate: 8.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,952/moAssumable @ 5.43% + gap loan
$2,462/moAssumed loan: $0/mo
Gap financing: $2,462/mo
Your Savings on This Property
10928 Bayfield, Parker · 5.43% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($336,504) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,250, 5% of purchase price) and a second mortgage for the rest ($320,254 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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