Loan Comparison: 5.52% vs 6.5%
3660 25th, Greeley, CO 80634 · 2bd/3ba · $315,500
List Price
$315,500
Assumable Rate
5.52%
Remaining Balance
$5,316
Equity Gap
$310,452
Loan Type
FHAAdjust Your Scenario
$15,775
$15,775$310,452
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 8.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,894/moAssumable @ 5.52% + gap loan
$2,296/moAssumed loan: $30/mo
Gap financing: $2,266/mo
Your Savings on This Property
3660 25th, Greeley · 5.52% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($310,452) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,775, 5% of purchase price) and a second mortgage for the rest ($294,677 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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