Loan Comparison: 5.42% vs 6.5%
630 High Tea, Fountain, CO 80817 · 4bd/4ba · $365,000
List Price
$365,000
Assumable Rate
5.42%
Remaining Balance
$95,420
Equity Gap
$267,731
Loan Type
FHAAdjust Your Scenario
$18,250
$18,250$267,731
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.42% (FHA)
Blended Rate: 7.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 5.42% + gap loan
$2,455/moAssumed loan: $537/mo
Gap financing: $1,918/mo
Your Savings on This Property
630 High Tea, Fountain · 5.42% 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 ($267,731) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($249,481 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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