Loan Comparison: 3.67% vs 6.5%
145 Park, Fort Lupton, CO 80621 · 3bd/2ba · $450,000
List Price
$450,000
Assumable Rate
3.67%
Remaining Balance
$159,721
Equity Gap
$290,278
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$290,278
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.67% (FHA)
Blended Rate: 6.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 3.67% + gap loan
$2,791/moAssumed loan: $732/mo
Gap financing: $2,059/mo
Your Savings on This Property
145 Park, Fort Lupton · 3.67% 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 ($290,278) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($267,778 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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