Loan Comparison: 2.74% vs 6.5%
12534 Beaver Creek, Parker, CO 80134 · 3bd/3ba · $540,000
List Price
$540,000
Assumable Rate
2.74%
Remaining Balance
$312,567
Equity Gap
$227,432
Loan Type
FHAAdjust Your Scenario
$27,000
$27,000$227,432
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (FHA)
Blended Rate: 4.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,243/moAssumable @ 2.74% + gap loan
$2,816/moAssumed loan: $1,274/mo
Gap financing: $1,541/mo
$427less per month with the assumable
Your Savings on This Property
12534 Beaver Creek, Parker · 2.74% FHA vs 6.5% conventional
$427
per month
$5,124
per year
$153,716
over 30 years
$153,715
interest saved
How gap financing works: The equity gap ($227,432) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,000, 5% of purchase price) and a second mortgage for the rest ($200,432 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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