Loan Comparison: 3.1% vs 6.5%
1578 Del Norte, Loveland, CO 80537 · 3bd/2ba · $529,900
List Price
$529,900
Assumable Rate
3.1%
Remaining Balance
$432,336
Equity Gap
$96,658
Loan Type
FHAAdjust Your Scenario
$26,495
$26,495$96,658
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.1% (FHA)
Blended Rate: 3.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 3.1% + gap loan
$2,386/moAssumed loan: $1,846/mo
Gap financing: $539/mo
$796less per month with the assumable
Your Savings on This Property
1578 Del Norte, Loveland · 3.1% FHA vs 6.5% conventional
$796
per month
$9,555
per year
$286,641
over 30 years
$285,735
interest saved
How gap financing works: The equity gap ($96,658) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,495, 5% of purchase price) and a second mortgage for the rest ($70,163 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.
🏠
Back to This Listing
View photos, details, and request a showing for 1578 Del Norte.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.