Loan Comparison: 4.42% vs 6.5%
2871 Night Sky, Berthoud, CO 80513 · 4bd/3ba · $515,000
List Price
$515,000
Assumable Rate
4.42%
Remaining Balance
$387,392
Equity Gap
$128,265
Loan Type
FHAAdjust Your Scenario
$25,750
$25,750$128,265
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.42% (FHA)
Blended Rate: 5.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 4.42% + gap loan
$2,733/moAssumed loan: $1,944/mo
Gap financing: $788/mo
$360less per month with the assumable
Your Savings on This Property
2871 Night Sky, Berthoud · 4.42% FHA vs 6.5% conventional
$360
per month
$4,316
per year
$129,475
over 30 years
$130,132
interest saved
How gap financing works: The equity gap ($128,265) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($102,515 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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