Loan Comparison: 5.84% vs 6.5%
17140 Desert Wine, Parker, CO 80134 · 4bd/3ba · $799,900
List Price
$799,900
Assumable Rate
5.84%
Remaining Balance
$684,062
Equity Gap
$116,704
Loan Type
FHAAdjust Your Scenario
$39,995
$39,995$116,704
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.84% (FHA)
Blended Rate: 6.11%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,803/moAssumable @ 5.84% + gap loan
$4,621/moAssumed loan: $4,031/mo
Gap financing: $590/mo
$182less per month with the assumable
Your Savings on This Property
17140 Desert Wine, Parker · 5.84% FHA vs 6.5% conventional
$182
per month
$2,185
per year
$65,554
over 30 years
$66,420
interest saved
How gap financing works: The equity gap ($116,704) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,995, 5% of purchase price) and a second mortgage for the rest ($76,709 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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