Loan Comparison: 3.97% vs 6.5%
10204 Aldenbridge, Highlands Ranch, CO 80126 · 4bd/3ba · $615,000
List Price
$615,000
Assumable Rate
3.97%
Remaining Balance
$357,700
Equity Gap
$279,798
Loan Type
FHAAdjust Your Scenario
$30,750
$30,750$279,798
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.97% (FHA)
Blended Rate: 5.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,693/moAssumable @ 3.97% + gap loan
$3,616/moAssumed loan: $1,702/mo
Gap financing: $1,915/mo
$76less per month with the assumable
Your Savings on This Property
10204 Aldenbridge, Highlands Ranch · 3.97% FHA vs 6.5% conventional
$76
per month
$916
per year
$27,490
over 30 years
$49,988
interest saved
How gap financing works: The equity gap ($279,798) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,750, 5% of purchase price) and a second mortgage for the rest ($249,048 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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