Loan Comparison: 5.93% vs 6.5%
11120 Tamarron, Parker, CO 80138 · 5bd/3ba · $530,000
List Price
$530,000
Assumable Rate
5.93%
Remaining Balance
$130,637
Equity Gap
$401,100
Loan Type
FHAAdjust Your Scenario
$26,500
$26,500$401,100
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.93% (FHA)
Blended Rate: 7.84%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 5.93% + gap loan
$3,658/moAssumed loan: $777/mo
Gap financing: $2,880/mo
Your Savings on This Property
11120 Tamarron, Parker · 5.93% 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 ($401,100) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,500, 5% of purchase price) and a second mortgage for the rest ($374,600 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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