Loan Comparison: 2.84% vs 6.5%
1204 Twin Peaks, Longmont, CO 80503 · 4bd/4ba · $899,000
List Price
$899,000
Assumable Rate
2.84%
Remaining Balance
$371,844
Equity Gap
$527,156
Loan Type
FHAAdjust Your Scenario
$44,950
$44,950$527,156
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (FHA)
Blended Rate: 6.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,398/moAssumable @ 2.84% + gap loan
$5,244/moAssumed loan: $1,536/mo
Gap financing: $3,708/mo
$155less per month with the assumable
Your Savings on This Property
1204 Twin Peaks, Longmont · 2.84% FHA vs 6.5% conventional
$155
per month
$1,855
per year
$55,665
over 30 years
$55,665
interest saved
How gap financing works: The equity gap ($527,156) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,950, 5% of purchase price) and a second mortgage for the rest ($482,206 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.
🏠
Back to This Listing
View photos, details, and request a showing for 1204 Twin Peaks.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.