Loan Comparison: 3.45% vs 6.5%
6474 San Isabel, Loveland, CO 80538 · 4bd/2ba · $495,000
List Price
$495,000
Assumable Rate
3.45%
Remaining Balance
$379,002
Equity Gap
$194,031
Loan Type
FHAAdjust Your Scenario
$24,750
$24,750$194,031
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 5.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,972/moAssumable @ 3.45% + gap loan
$2,993/moAssumed loan: $1,691/mo
Gap financing: $1,302/mo
Your Savings on This Property
6474 San Isabel, Loveland · 3.45% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$70,598
interest saved
How gap financing works: The equity gap ($194,031) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,750, 5% of purchase price) and a second mortgage for the rest ($169,281 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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