Loan Comparison: 5.5% vs 6.5%
241 Pin Oak, Loveland, CO 80538 · 4bd/2ba · $440,000
List Price
$440,000
Assumable Rate
5.5%
Remaining Balance
$189,662
Equity Gap
$316,544
Loan Type
FHAAdjust Your Scenario
$22,000
$22,000$316,544
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.5% (FHA)
Blended Rate: 7.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 5.5% + gap loan
$3,342/moAssumed loan: $1,077/mo
Gap financing: $2,265/mo
Your Savings on This Property
241 Pin Oak, Loveland · 5.5% 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 ($316,544) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,000, 5% of purchase price) and a second mortgage for the rest ($294,544 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 241 Pin Oak.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.