Loan Comparison: 3.83% vs 6.5%
4400 Paintbrush, Evans, CO 80620 · 3bd/2ba · $400,000
List Price
$400,000
Assumable Rate
3.83%
Remaining Balance
$151,226
Equity Gap
$248,312
Loan Type
FHAAdjust Your Scenario
$20,000
$20,000$248,312
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.83% (FHA)
Blended Rate: 6.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 3.83% + gap loan
$2,463/moAssumed loan: $707/mo
Gap financing: $1,756/mo
Your Savings on This Property
4400 Paintbrush, Evans · 3.83% 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 ($248,312) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($228,312 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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