Loan Comparison: 5.52% vs 6.5%
205 45th Avenue, Greeley, CO 80634 · 5bd/2ba · $430,000
List Price
$430,000
Assumable Rate
5.52%
Remaining Balance
$402,983
Equity Gap
$43,052
Loan Type
FHAAdjust Your Scenario
$21,500
$21,500$43,052
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 5.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 5.52% + gap loan
$2,459/moAssumed loan: $2,293/mo
Gap financing: $166/mo
$123less per month with the assumable
Your Savings on This Property
205 45th Avenue, Greeley · 5.52% FHA vs 6.5% conventional
$123
per month
$1,478
per year
$44,327
over 30 years
$60,362
interest saved
How gap financing works: The equity gap ($43,052) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($21,552 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 205 45th Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.