Loan Comparison: 4.55% vs 6.5%
10326 Dartmouth, Lakewood, CO 80227 · 3bd/2ba · $375,000
List Price
$375,000
Assumable Rate
4.55%
Remaining Balance
$240,755
Equity Gap
$133,224
Loan Type
FHAAdjust Your Scenario
$18,750
$18,750$133,224
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.55% (FHA)
Blended Rate: 5.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,252/moAssumable @ 4.55% + gap loan
$2,107/moAssumed loan: $1,227/mo
Gap financing: $880/mo
$145less per month with the assumable
Your Savings on This Property
10326 Dartmouth, Lakewood · 4.55% FHA vs 6.5% conventional
$145
per month
$1,734
per year
$52,021
over 30 years
$51,000
interest saved
How gap financing works: The equity gap ($133,224) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,750, 5% of purchase price) and a second mortgage for the rest ($114,474 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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