Loan Comparison: 3.07% vs 6.5%

8994 Bermuda Run, Highlands Ranch, CO 80130 · 3bd/2ba · $600,000

List Price
$600,000
Assumable Rate
3.07%
Remaining Balance
$516,647
Equity Gap
$105,320
Loan Type
FHA

Adjust Your Scenario

$30,000
$30,000$105,320
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (FHA)
Blended Rate: 3.76%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,603/mo
Assumable @ 3.07% + gap loan
$2,777/mo
Assumed loan: $2,198/mo
Gap financing: $579/mo
$826less per month with the assumable

Your Savings on This Property

8994 Bermuda Run, Highlands Ranch · 3.07% FHA vs 6.5% conventional

$826
per month
$9,911
per year
$297,318
over 30 years
$319,285
interest saved
How gap financing works: The equity gap ($105,320) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($75,320 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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