Loan Comparison: 3.31% vs 6.5%
2612 52nd Avenue, Greeley, CO 80634 · 4bd/2ba · $499,000
List Price
$499,000
Assumable Rate
3.31%
Remaining Balance
$273,242
Equity Gap
$226,365
Loan Type
FHAAdjust Your Scenario
$24,950
$24,950$226,365
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.31% (FHA)
Blended Rate: 5.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,996/moAssumable @ 3.31% + gap loan
$2,747/moAssumed loan: $1,198/mo
Gap financing: $1,549/mo
$249less per month with the assumable
Your Savings on This Property
2612 52nd Avenue, Greeley · 3.31% FHA vs 6.5% conventional
$249
per month
$2,993
per year
$89,794
over 30 years
$90,401
interest saved
How gap financing works: The equity gap ($226,365) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,950, 5% of purchase price) and a second mortgage for the rest ($201,415 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 2612 52nd Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.