Loan Comparison: 3.91% vs 6.5%
4047 Kalamath, Larkspur, CO 80118 · 3bd/4ba · $765,000
List Price
$765,000
Assumable Rate
3.91%
Remaining Balance
$199,926
Equity Gap
$565,074
Loan Type
FHAAdjust Your Scenario
$38,250
$38,250$565,074
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.91% (FHA)
Blended Rate: 7.24%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,594/moAssumable @ 3.91% + gap loan
$4,995/moAssumed loan: $944/mo
Gap financing: $4,051/mo
Your Savings on This Property
4047 Kalamath, Larkspur · 3.91% 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 ($565,074) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,250, 5% of purchase price) and a second mortgage for the rest ($526,824 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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