Loan Comparison: 2.84% vs 6.5%
6709 Autumn Ridge, Fort Collins, CO 80525 · 2bd/2ba · $299,900
List Price
$299,900
Assumable Rate
2.84%
Remaining Balance
$30,492
Equity Gap
$277,144
Loan Type
FHAAdjust Your Scenario
$14,995
$14,995$277,144
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (FHA)
Blended Rate: 7.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,801/moAssumable @ 2.84% + gap loan
$2,142/moAssumed loan: $126/mo
Gap financing: $2,016/mo
Your Savings on This Property
6709 Autumn Ridge, Fort Collins · 2.84% 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 ($277,144) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,995, 5% of purchase price) and a second mortgage for the rest ($262,149 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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