Loan Comparison: 2.74% vs 6.5%
12882 Crane River, Firestone, CO 80504 · 4bd/3ba · $575,000
List Price
$575,000
Assumable Rate
2.74%
Remaining Balance
$382,111
Equity Gap
$190,198
Loan Type
FHAAdjust Your Scenario
$28,750
$28,750$190,198
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (FHA)
Blended Rate: 4.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 2.74% + gap loan
$2,799/moAssumed loan: $1,558/mo
Gap financing: $1,241/mo
$653less per month with the assumable
Your Savings on This Property
12882 Crane River, Firestone · 2.74% FHA vs 6.5% conventional
$653
per month
$7,840
per year
$235,211
over 30 years
$232,520
interest saved
How gap financing works: The equity gap ($190,198) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($161,448 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 12882 Crane River.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.