Loan Comparison: 5.52% vs 6.5%
5133 Old Mill, Fort Collins, CO 80528 · 4bd/4ba · $530,000
List Price
$530,000
Assumable Rate
5.52%
Remaining Balance
$398,636
Equity Gap
$131,916
Loan Type
FHAAdjust Your Scenario
$26,500
$26,500$131,916
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 6.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 5.52% + gap loan
$3,079/moAssumed loan: $2,268/mo
Gap financing: $811/mo
$103less per month with the assumable
Your Savings on This Property
5133 Old Mill, Fort Collins · 5.52% FHA vs 6.5% conventional
$103
per month
$1,242
per year
$37,256
over 30 years
$37,808
interest saved
How gap financing works: The equity gap ($131,916) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,500, 5% of purchase price) and a second mortgage for the rest ($105,416 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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