Loan Comparison: 2.68% vs 6.5%
5961 81st, Dupont, CO 80024 · 3bd/1ba · $395,000
List Price
$395,000
Assumable Rate
2.68%
Remaining Balance
$251,956
Equity Gap
$143,044
Loan Type
FHAAdjust Your Scenario
$19,750
$19,750$143,044
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (FHA)
Blended Rate: 4.59%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,372/moAssumable @ 2.68% + gap loan
$1,967/moAssumed loan: $1,019/mo
Gap financing: $948/mo
$405less per month with the assumable
Your Savings on This Property
5961 81st, Dupont · 2.68% FHA vs 6.5% conventional
$405
per month
$4,854
per year
$145,635
over 30 years
$145,635
interest saved
How gap financing works: The equity gap ($143,044) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,750, 5% of purchase price) and a second mortgage for the rest ($123,294 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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