Loan Comparison: 2.89% vs 6.5%
7536 Sandy Springs, Fountain, CO 80817 · 3bd/3ba · $335,000
List Price
$335,000
Assumable Rate
2.89%
Remaining Balance
$255,530
Equity Gap
$144,470
Loan Type
FHAAdjust Your Scenario
$16,750
$16,750$144,470
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (FHA)
Blended Rate: 4.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,012/moAssumable @ 2.89% + gap loan
$2,044/moAssumed loan: $1,062/mo
Gap financing: $982/mo
Your Savings on This Property
7536 Sandy Springs, Fountain · 2.89% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$53,219
interest saved
How gap financing works: The equity gap ($144,470) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,750, 5% of purchase price) and a second mortgage for the rest ($127,720 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 7536 Sandy Springs.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.