Loan Comparison: 5.25% vs 6.5%
109 Lakritz, Berthoud, CO 80513 · 3bd/3ba · $590,000
List Price
$590,000
Assumable Rate
5.25%
Remaining Balance
$182,605
Equity Gap
$405,142
Loan Type
FHAAdjust Your Scenario
$29,500
$29,500$405,142
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%
$3,543/moAssumable @ 5.25% + gap loan
$3,897/moAssumed loan: $1,008/mo
Gap financing: $2,888/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 ($405,142) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,500, 5% of purchase price) and a second mortgage for the rest ($375,642 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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