Loan Comparison: 3.35% vs 6.5%
8791 Pierce, Arvada, CO 80003 · 2bd/1ba · $249,900
List Price
$249,900
Assumable Rate
3.35%
Remaining Balance
$60,511
Equity Gap
$189,164
Loan Type
FHAAdjust Your Scenario
$12,495
$12,495$189,164
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.35% (FHA)
Blended Rate: 7.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,501/moAssumable @ 3.35% + gap loan
$1,625/moAssumed loan: $267/mo
Gap financing: $1,358/mo
Your Savings on This Property
8791 Pierce, Arvada · 3.35% 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 ($189,164) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,495, 5% of purchase price) and a second mortgage for the rest ($176,669 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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