Loan Comparison: 3.08% vs 6.5%
8746 Cloverleaf, Parker, CO 80134 · 3bd/3ba · $475,000
List Price
$475,000
Assumable Rate
3.08%
Remaining Balance
$376,085
Equity Gap
$98,915
Loan Type
FHAAdjust Your Scenario
$23,750
$23,750$98,915
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (FHA)
Blended Rate: 3.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 3.08% + gap loan
$2,180/moAssumed loan: $1,602/mo
Gap financing: $578/mo
$672less per month with the assumable
Your Savings on This Property
8746 Cloverleaf, Parker · 3.08% FHA vs 6.5% conventional
$672
per month
$8,069
per year
$242,061
over 30 years
$242,061
interest saved
How gap financing works: The equity gap ($98,915) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($75,165 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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