Loan Comparison: 2.94% vs 6.5%
3936 Beechwood, Johnstown, CO 80534 · 3bd/4ba · $435,000
List Price
$435,000
Assumable Rate
2.94%
Remaining Balance
$263,742
Equity Gap
$171,862
Loan Type
FHAAdjust Your Scenario
$21,750
$21,750$171,862
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (FHA)
Blended Rate: 4.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 2.94% + gap loan
$2,258/moAssumed loan: $1,103/mo
Gap financing: $1,154/mo
$354less per month with the assumable
Your Savings on This Property
3936 Beechwood, Johnstown · 2.94% FHA vs 6.5% conventional
$354
per month
$4,252
per year
$127,569
over 30 years
$128,173
interest saved
How gap financing works: The equity gap ($171,862) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,750, 5% of purchase price) and a second mortgage for the rest ($150,112 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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