Loan Comparison: 3.45% vs 6.5%
22419 Quail Run, Parker, CO 80138 · 5bd/5ba · $899,900
List Price
$899,900
Assumable Rate
3.45%
Remaining Balance
$472,796
Equity Gap
$426,168
Loan Type
FHAAdjust Your Scenario
$44,995
$44,995$426,168
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 5.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,404/moAssumable @ 3.45% + gap loan
$5,041/moAssumed loan: $2,110/mo
Gap financing: $2,931/mo
$363less per month with the assumable
Your Savings on This Property
22419 Quail Run, Parker · 3.45% FHA vs 6.5% conventional
$363
per month
$4,354
per year
$130,608
over 30 years
$129,672
interest saved
How gap financing works: The equity gap ($426,168) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,995, 5% of purchase price) and a second mortgage for the rest ($381,173 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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