Loan Comparison: 3.57% vs 6.5%
421 Wrybill, Loveland, CO 80537 · 3bd/3ba · $549,000
List Price
$549,000
Assumable Rate
3.57%
Remaining Balance
$174,411
Equity Gap
$374,588
Loan Type
FHAAdjust Your Scenario
$27,450
$27,450$374,588
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.57% (FHA)
Blended Rate: 6.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,297/moAssumable @ 3.57% + gap loan
$3,459/moAssumed loan: $790/mo
Gap financing: $2,669/mo
Your Savings on This Property
421 Wrybill, Loveland · 3.57% 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 ($374,588) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,450, 5% of purchase price) and a second mortgage for the rest ($347,138 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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