Loan Comparison: 4.05% vs 6.5%
4413 Rockcress, Evans, CO 80620 · 4bd/3ba · $475,000
List Price
$475,000
Assumable Rate
4.05%
Remaining Balance
$284,944
Equity Gap
$262,630
Loan Type
FHAAdjust Your Scenario
$23,750
$23,750$262,630
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.05% (FHA)
Blended Rate: 6.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 4.05% + gap loan
$3,205/moAssumed loan: $1,369/mo
Gap financing: $1,837/mo
Your Savings on This Property
4413 Rockcress, Evans · 4.05% 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 ($262,630) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($238,880 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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