Loan Comparison: 5.84% vs 6.5%
17140 Desert Wine, Parker, CO 80134 · 4bd/3ba · $789,900
List Price
$789,900
Assumable Rate
5.84%
Remaining Balance
$682,326
Equity Gap
$107,574
Loan Type
FHAAdjust Your Scenario
$39,495
$39,495$107,574
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.84% (FHA)
Blended Rate: 6.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,743/moAssumable @ 5.84% + gap loan
$4,544/moAssumed loan: $4,021/mo
Gap financing: $523/mo
$199less per month with the assumable
Your Savings on This Property
17140 Desert Wine, Parker · 5.84% FHA vs 6.5% conventional
$199
per month
$2,384
per year
$71,509
over 30 years
$71,509
interest saved
How gap financing works: The equity gap ($107,574) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,495, 5% of purchase price) and a second mortgage for the rest ($68,079 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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