Loan Comparison: 3.77% vs 6.5%
3512 Montrose, Evans, CO 80620 · 4bd/2ba · $370,900
List Price
$370,900
Assumable Rate
3.77%
Remaining Balance
$100,970
Equity Gap
$270,228
Loan Type
FHAAdjust Your Scenario
$18,545
$18,545$270,228
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (FHA)
Blended Rate: 7.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,227/moAssumable @ 3.77% + gap loan
$2,404/moAssumed loan: $469/mo
Gap financing: $1,935/mo
Your Savings on This Property
3512 Montrose, Evans · 3.77% 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 ($270,228) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,545, 5% of purchase price) and a second mortgage for the rest ($251,683 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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