Loan Comparison: 4.17% vs 6.5%
802 Heschel, Fort Collins, CO 80524 · 2bd/3ba · $465,000
List Price
$465,000
Assumable Rate
4.17%
Remaining Balance
$253,891
Equity Gap
$209,204
Loan Type
FHAAdjust Your Scenario
$23,250
$23,250$209,204
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (FHA)
Blended Rate: 6.00%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 4.17% + gap loan
$2,667/moAssumed loan: $1,237/mo
Gap financing: $1,430/mo
$125less per month with the assumable
Your Savings on This Property
802 Heschel, Fort Collins · 4.17% FHA vs 6.5% conventional
$125
per month
$1,502
per year
$45,074
over 30 years
$43,169
interest saved
How gap financing works: The equity gap ($209,204) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($185,954 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 802 Heschel.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.