Loan Comparison: 3.45% vs 6.5%
363 Sunmountain, Loveland, CO 80538 · 3bd/3ba · $449,900
List Price
$449,900
Assumable Rate
3.45%
Remaining Balance
$223,510
Equity Gap
$226,390
Loan Type
FHAAdjust Your Scenario
$22,495
$22,495$226,390
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 5.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,701/moAssumable @ 3.45% + gap loan
$2,565/moAssumed loan: $997/mo
Gap financing: $1,568/mo
$136less per month with the assumable
Your Savings on This Property
363 Sunmountain, Loveland · 3.45% FHA vs 6.5% conventional
$136
per month
$1,635
per year
$49,062
over 30 years
$49,062
interest saved
How gap financing works: The equity gap ($226,390) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,495, 5% of purchase price) and a second mortgage for the rest ($203,895 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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