Loan Comparison: 4.43% vs 6.5%
1720 11th, Loveland, CO 80537 · 3bd/3ba · $480,000
List Price
$480,000
Assumable Rate
4.43%
Remaining Balance
$121,780
Equity Gap
$358,219
Loan Type
FHAAdjust Your Scenario
$24,000
$24,000$358,219
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.43% (FHA)
Blended Rate: 7.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 4.43% + gap loan
$3,182/moAssumed loan: $612/mo
Gap financing: $2,570/mo
Your Savings on This Property
1720 11th, Loveland · 4.43% 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 ($358,219) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,000, 5% of purchase price) and a second mortgage for the rest ($334,219 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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