Loan Comparison: 4.25% vs 6.5%
4631 Swadley, Morrison, CO 80465 · 3bd/2ba · $485,000
List Price
$485,000
Assumable Rate
4.25%
Remaining Balance
$70,269
Equity Gap
$414,731
Loan Type
FHAAdjust Your Scenario
$24,250
$24,250$414,731
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.25% (FHA)
Blended Rate: 7.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 4.25% + gap loan
$3,348/moAssumed loan: $346/mo
Gap financing: $3,002/mo
Your Savings on This Property
4631 Swadley, Morrison · 4.25% 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 ($414,731) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,250, 5% of purchase price) and a second mortgage for the rest ($390,481 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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