Loan Comparison: 5.25% vs 6.5%
109 Lakritz, Berthoud, CO 80513 · 3bd/3ba · $600,000
List Price
$600,000
Assumable Rate
5.25%
Remaining Balance
$185,603
Equity Gap
$415,142
Loan Type
FHAAdjust Your Scenario
$30,000
$30,000$415,142
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.25% (FHA)
Blended Rate: 7.44%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 5.25% + gap loan
$3,986/moAssumed loan: $1,025/mo
Gap financing: $2,961/mo
Your Savings on This Property
109 Lakritz, Berthoud · 5.25% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($415,142) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($385,142 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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