Loan Comparison: 4.83% vs 6.5%
11750 Harrison, Thornton, CO 80233 · 4bd/2ba · $499,900
List Price
$499,900
Assumable Rate
4.83%
Remaining Balance
$299,893
Equity Gap
$199,407
Loan Type
FHAAdjust Your Scenario
$24,995
$24,995$199,407
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.83% (FHA)
Blended Rate: 6.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 4.83% + gap loan
$2,920/moAssumed loan: $1,579/mo
Gap financing: $1,341/mo
$82less per month with the assumable
Your Savings on This Property
11750 Harrison, Thornton · 4.83% FHA vs 6.5% conventional
$82
per month
$981
per year
$29,436
over 30 years
$28,836
interest saved
How gap financing works: The equity gap ($199,407) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,995, 5% of purchase price) and a second mortgage for the rest ($174,412 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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