Loan Comparison: 4.15% vs 6.5%
11310 Scenic Brush, Peyton, CO 80831 · 5bd/4ba · $449,985
List Price
$449,985
Assumable Rate
4.15%
Remaining Balance
$208,058
Equity Gap
$241,413
Loan Type
FHAAdjust Your Scenario
$22,499
$22,499$241,413
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.15% (FHA)
Blended Rate: 6.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 4.15% + gap loan
$2,695/moAssumed loan: $1,011/mo
Gap financing: $1,683/mo
$7less per month with the assumable
Your Savings on This Property
11310 Scenic Brush, Peyton · 4.15% FHA vs 6.5% conventional
$7
per month
$88
per year
$2,651
over 30 years
$2,138
interest saved
How gap financing works: The equity gap ($241,413) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,499, 5% of purchase price) and a second mortgage for the rest ($218,914 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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