Loan Comparison: 5.52% vs 6.5%
5230 Warrior, Frederick, CO 80504 · 3bd/3ba · $445,000
List Price
$445,000
Assumable Rate
5.52%
Remaining Balance
$412,238
Equity Gap
$32,761
Loan Type
FHAAdjust Your Scenario
$22,250
$22,250$32,761
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 5.59%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 5.52% + gap loan
$2,427/moAssumed loan: $2,346/mo
Gap financing: $81/mo
$245less per month with the assumable
Your Savings on This Property
5230 Warrior, Frederick · 5.52% FHA vs 6.5% conventional
$245
per month
$2,945
per year
$88,355
over 30 years
$88,354
interest saved
How gap financing works: The equity gap ($32,761) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($10,511 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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