Loan Comparison: 4.55% vs 6.5%
2142 Meadow, Longmont, CO 80501 · 3bd/3ba · $389,999
List Price
$389,999
Assumable Rate
4.55%
Remaining Balance
$88,036
Equity Gap
$302,608
Loan Type
FHAAdjust Your Scenario
$19,500
$19,500$302,608
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.55% (FHA)
Blended Rate: 7.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,342/moAssumable @ 4.55% + gap loan
$2,626/moAssumed loan: $449/mo
Gap financing: $2,177/mo
Your Savings on This Property
2142 Meadow, Longmont · 4.55% 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 ($302,608) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,500, 5% of purchase price) and a second mortgage for the rest ($283,108 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.
🏠
Back to This Listing
View photos, details, and request a showing for 2142 Meadow.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.