Loan Comparison: 4.2% vs 6.5%
8437 Thunder Ridge, Highlands Ranch, CO 80126 · 2bd/2ba · $345,000
List Price
$345,000
Assumable Rate
4.2%
Remaining Balance
$193,925
Equity Gap
$151,074
Loan Type
FHAAdjust Your Scenario
$17,250
$17,250$151,074
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.2% (FHA)
Blended Rate: 5.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,072/moAssumable @ 4.2% + gap loan
$1,977/moAssumed loan: $948/mo
Gap financing: $1,029/mo
$94less per month with the assumable
Your Savings on This Property
8437 Thunder Ridge, Highlands Ranch · 4.2% FHA vs 6.5% conventional
$94
per month
$1,131
per year
$33,943
over 30 years
$33,942
interest saved
How gap financing works: The equity gap ($151,074) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,250, 5% of purchase price) and a second mortgage for the rest ($133,824 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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