Loan Comparison: 4.14% vs 6.5%
3630 Teakwood, Johnstown, CO 80534 · 3bd/3ba · $468,999
List Price
$468,999
Assumable Rate
4.14%
Remaining Balance
$316,658
Equity Gap
$152,341
Loan Type
FHAAdjust Your Scenario
$23,450
$23,450$152,341
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.14% (FHA)
Blended Rate: 5.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,816/moAssumable @ 4.14% + gap loan
$2,529/moAssumed loan: $1,537/mo
Gap financing: $991/mo
$288less per month with the assumable
Your Savings on This Property
3630 Teakwood, Johnstown · 4.14% FHA vs 6.5% conventional
$288
per month
$3,452
per year
$103,561
over 30 years
$103,561
interest saved
How gap financing works: The equity gap ($152,341) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,450, 5% of purchase price) and a second mortgage for the rest ($128,891 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 3630 Teakwood.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.