Loan Comparison: 3.76% vs 6.5%
662 White Cloud, Highlands Ranch, CO 80126 · 4bd/3ba · $565,000
List Price
$565,000
Assumable Rate
3.76%
Remaining Balance
$470,069
Equity Gap
$165,430
Loan Type
FHAAdjust Your Scenario
$28,250
$28,250$165,430
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (FHA)
Blended Rate: 4.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 3.76% + gap loan
$3,234/moAssumed loan: $2,180/mo
Gap financing: $1,055/mo
$158less per month with the assumable
Your Savings on This Property
662 White Cloud, Highlands Ranch · 3.76% FHA vs 6.5% conventional
$158
per month
$1,898
per year
$56,951
over 30 years
$127,450
interest saved
How gap financing works: The equity gap ($165,430) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($137,180 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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