Loan Comparison: 2.98% vs 6.5%
6155 Mallow, Frederick, CO 80530 · 3bd/2ba · $267,500
List Price
$267,500
Assumable Rate
2.98%
Remaining Balance
$177,248
Equity Gap
$91,025
Loan Type
FHAAdjust Your Scenario
$13,375
$13,375$91,025
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (FHA)
Blended Rate: 4.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,606/moAssumable @ 2.98% + gap loan
$1,342/moAssumed loan: $745/mo
Gap financing: $597/mo
$264less per month with the assumable
Your Savings on This Property
6155 Mallow, Frederick · 2.98% FHA vs 6.5% conventional
$264
per month
$3,166
per year
$94,971
over 30 years
$95,744
interest saved
How gap financing works: The equity gap ($91,025) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,375, 5% of purchase price) and a second mortgage for the rest ($77,650 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.
🏠
Back to This Listing
View photos, details, and request a showing for 6155 Mallow.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.