Loan Comparison: 4.46% vs 6.5%
4520 7th, Greeley, CO 80634 · 4bd/2ba · $407,700
List Price
$407,700
Assumable Rate
4.46%
Remaining Balance
$302,102
Equity Gap
$151,127
Loan Type
FHAAdjust Your Scenario
$20,385
$20,385$151,127
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.46% (FHA)
Blended Rate: 5.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,448/moAssumable @ 4.46% + gap loan
$2,529/moAssumed loan: $1,524/mo
Gap financing: $1,005/mo
Your Savings on This Property
4520 7th, Greeley · 4.46% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$16,465
interest saved
How gap financing works: The equity gap ($151,127) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,385, 5% of purchase price) and a second mortgage for the rest ($130,742 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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