Loan Comparison: 2.94% vs 6.5%
9860 Aftonwood, Highlands Ranch, CO 80126 · 5bd/4ba · $585,000
List Price
$585,000
Assumable Rate
2.94%
Remaining Balance
$422,138
Equity Gap
$263,600
Loan Type
FHAAdjust Your Scenario
$29,250
$29,250$263,600
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (FHA)
Blended Rate: 4.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,513/moAssumable @ 2.94% + gap loan
$3,568/moAssumed loan: $1,766/mo
Gap financing: $1,802/mo
Your Savings on This Property
9860 Aftonwood, Highlands Ranch · 2.94% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$80,812
interest saved
How gap financing works: The equity gap ($263,600) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,250, 5% of purchase price) and a second mortgage for the rest ($234,350 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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