Loan Comparison: 3.62% vs 6.5%
430 Blue Azurite, Loveland, CO 80537 · 4bd/4ba · $475,000
List Price
$475,000
Assumable Rate
3.62%
Remaining Balance
$307,403
Equity Gap
$167,597
Loan Type
FHAAdjust Your Scenario
$23,750
$23,750$167,597
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (FHA)
Blended Rate: 5.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 3.62% + gap loan
$2,507/moAssumed loan: $1,401/mo
Gap financing: $1,106/mo
$345less per month with the assumable
Your Savings on This Property
430 Blue Azurite, Loveland · 3.62% FHA vs 6.5% conventional
$345
per month
$4,141
per year
$124,235
over 30 years
$124,235
interest saved
How gap financing works: The equity gap ($167,597) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($143,847 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 430 Blue Azurite.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.