Loan Comparison: 4.84% vs 6.5%
4993 Wagontrail, Parker, CO 80134 · 4bd/5ba · $897,499
List Price
$897,499
Assumable Rate
4.84%
Remaining Balance
$305,774
Equity Gap
$619,027
Loan Type
FHAAdjust Your Scenario
$44,875
$44,875$619,027
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.84% (FHA)
Blended Rate: 7.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,389/moAssumable @ 4.84% + gap loan
$6,026/moAssumed loan: $1,612/mo
Gap financing: $4,415/mo
Your Savings on This Property
4993 Wagontrail, Parker · 4.84% 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 ($619,027) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,875, 5% of purchase price) and a second mortgage for the rest ($574,152 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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