Loan Comparison: 3.07% vs 6.5%
8379 Grasslands, Parker, CO 80134 · 3bd/2ba · $669,999
List Price
$669,999
Assumable Rate
3.07%
Remaining Balance
$483,345
Equity Gap
$187,668
Loan Type
FHAAdjust Your Scenario
$33,500
$33,500$187,668
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (FHA)
Blended Rate: 4.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,023/moAssumable @ 3.07% + gap loan
$3,242/moAssumed loan: $2,056/mo
Gap financing: $1,185/mo
$782less per month with the assumable
Your Savings on This Property
8379 Grasslands, Parker · 3.07% FHA vs 6.5% conventional
$782
per month
$9,379
per year
$281,374
over 30 years
$282,388
interest saved
How gap financing works: The equity gap ($187,668) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,500, 5% of purchase price) and a second mortgage for the rest ($154,168 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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