Loan Comparison: 3.45% vs 6.5%
380 County, Louisville, CO 80027 · 4bd/3ba · $625,000
List Price
$625,000
Assumable Rate
3.45%
Remaining Balance
$386,608
Equity Gap
$237,543
Loan Type
FHAAdjust Your Scenario
$31,250
$31,250$237,543
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 5.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,753/moAssumable @ 3.45% + gap loan
$3,311/moAssumed loan: $1,725/mo
Gap financing: $1,586/mo
$441less per month with the assumable
Your Savings on This Property
380 County, Louisville · 3.45% FHA vs 6.5% conventional
$441
per month
$5,297
per year
$158,911
over 30 years
$158,062
interest saved
How gap financing works: The equity gap ($237,543) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,250, 5% of purchase price) and a second mortgage for the rest ($206,293 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 380 County.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.