Loan Comparison: 3.07% vs 6.5%
218 Cowbell, Berthoud, CO 80513 · 4bd/3ba · $535,000
List Price
$535,000
Assumable Rate
3.07%
Remaining Balance
$464,881
Equity Gap
$69,137
Loan Type
FHAAdjust Your Scenario
$26,750
$26,750$69,137
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (FHA)
Blended Rate: 3.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 3.07% + gap loan
$2,303/moAssumed loan: $1,978/mo
Gap financing: $326/mo
$909less per month with the assumable
Your Savings on This Property
218 Cowbell, Berthoud · 3.07% FHA vs 6.5% conventional
$909
per month
$10,908
per year
$327,245
over 30 years
$326,263
interest saved
How gap financing works: The equity gap ($69,137) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($42,387 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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