Loan Comparison: 3.94% vs 6.5%
1339 Arthur, Loveland, CO 80537 · 4bd/2ba · $389,000
List Price
$389,000
Assumable Rate
3.94%
Remaining Balance
$122,240
Equity Gap
$266,759
Loan Type
FHAAdjust Your Scenario
$19,450
$19,450$266,759
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.94% (FHA)
Blended Rate: 6.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,336/moAssumable @ 3.94% + gap loan
$2,481/moAssumed loan: $579/mo
Gap financing: $1,902/mo
Your Savings on This Property
1339 Arthur, Loveland · 3.94% 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 ($266,759) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,450, 5% of purchase price) and a second mortgage for the rest ($247,309 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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