Loan Comparison: 3.45% vs 6.5%
2743 Tallgrass, Berthoud, CO 80513 · 3bd/3ba · $479,900
List Price
$479,900
Assumable Rate
3.45%
Remaining Balance
$304,093
Equity Gap
$174,453
Loan Type
FHAAdjust Your Scenario
$23,995
$23,995$174,453
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 5.12%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 3.45% + gap loan
$2,514/moAssumed loan: $1,357/mo
Gap financing: $1,157/mo
$368less per month with the assumable
Your Savings on This Property
2743 Tallgrass, Berthoud · 3.45% FHA vs 6.5% conventional
$368
per month
$4,412
per year
$132,371
over 30 years
$131,017
interest saved
How gap financing works: The equity gap ($174,453) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,995, 5% of purchase price) and a second mortgage for the rest ($150,458 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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