Loan Comparison: 4.36% vs 6.5%
1782 Arabian, Elizabeth, CO 80107 · 5bd/3ba · $725,000
List Price
$725,000
Assumable Rate
4.36%
Remaining Balance
$396,040
Equity Gap
$328,959
Loan Type
FHAAdjust Your Scenario
$36,250
$36,250$328,959
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.36% (FHA)
Blended Rate: 6.12%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,353/moAssumable @ 4.36% + gap loan
$4,225/moAssumed loan: $1,974/mo
Gap financing: $2,251/mo
$129less per month with the assumable
Your Savings on This Property
1782 Arabian, Elizabeth · 4.36% FHA vs 6.5% conventional
$129
per month
$1,546
per year
$46,376
over 30 years
$46,375
interest saved
How gap financing works: The equity gap ($328,959) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,250, 5% of purchase price) and a second mortgage for the rest ($292,709 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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