Loan Comparison: 5.52% vs 6.5%
33 L, Golden, CO 80403 · 5bd/3ba · $525,000
List Price
$525,000
Assumable Rate
5.52%
Remaining Balance
$408,341
Equity Gap
$116,659
Loan Type
FHAAdjust Your Scenario
$26,250
$26,250$116,659
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 6.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 5.52% + gap loan
$3,019/moAssumed loan: $2,324/mo
Gap financing: $695/mo
$134less per month with the assumable
Your Savings on This Property
33 L, Golden · 5.52% FHA vs 6.5% conventional
$134
per month
$1,604
per year
$48,107
over 30 years
$48,107
interest saved
How gap financing works: The equity gap ($116,659) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($90,409 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.