Loan Comparison: 3.45% vs 6.5%
2743 Tallgrass, Berthoud, CO 80513 · 3bd/3ba · $500,000
List Price
$500,000
Assumable Rate
3.45%
Remaining Balance
$305,447
Equity Gap
$194,553
Loan Type
FHAAdjust Your Scenario
$25,000
$25,000$194,553
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 5.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.45% + gap loan
$2,667/moAssumed loan: $1,363/mo
Gap financing: $1,304/mo
$336less per month with the assumable
Your Savings on This Property
2743 Tallgrass, Berthoud · 3.45% FHA vs 6.5% conventional
$336
per month
$4,026
per year
$120,789
over 30 years
$120,789
interest saved
How gap financing works: The equity gap ($194,553) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($169,553 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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