Loan Comparison: 4.47% vs 6.5%
1338 Basseterre, Fort Collins, CO 80525 · 5bd/4ba · $605,000
List Price
$605,000
Assumable Rate
4.47%
Remaining Balance
$366,688
Equity Gap
$269,182
Loan Type
FHAAdjust Your Scenario
$30,250
$30,250$269,182
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.47% (FHA)
Blended Rate: 6.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,633/moAssumable @ 4.47% + gap loan
$3,689/moAssumed loan: $1,851/mo
Gap financing: $1,837/mo
Your Savings on This Property
1338 Basseterre, Fort Collins · 4.47% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$10,785
interest saved
How gap financing works: The equity gap ($269,182) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,250, 5% of purchase price) and a second mortgage for the rest ($238,932 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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