Loan Comparison: 4.2% vs 6.5%
8437 Thunder Ridge, Highlands Ranch, CO 80126 · 2bd/2ba · $350,000
List Price
$350,000
Assumable Rate
4.2%
Remaining Balance
$196,362
Equity Gap
$154,608
Loan Type
FHAAdjust Your Scenario
$17,500
$17,500$154,608
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.2% (FHA)
Blended Rate: 5.97%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,102/moAssumable @ 4.2% + gap loan
$2,014/moAssumed loan: $960/mo
Gap financing: $1,054/mo
$87less per month with the assumable
Your Savings on This Property
8437 Thunder Ridge, Highlands Ranch · 4.2% FHA vs 6.5% conventional
$87
per month
$1,046
per year
$31,371
over 30 years
$32,341
interest saved
How gap financing works: The equity gap ($154,608) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,500, 5% of purchase price) and a second mortgage for the rest ($137,108 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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