Loan Comparison: 2.75% vs 6.5%
15860 66th, Arvada, CO 80007 · 5bd/3ba · $825,000
List Price
$825,000
Assumable Rate
2.75%
Remaining Balance
$549,557
Equity Gap
$517,903
Loan Type
FHAAdjust Your Scenario
$41,250
$41,250$517,903
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.75% (FHA)
Blended Rate: 5.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,954/moAssumable @ 2.75% + gap loan
$5,909/moAssumed loan: $2,244/mo
Gap financing: $3,665/mo
Your Savings on This Property
15860 66th, Arvada · 2.75% 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 ($517,903) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,250, 5% of purchase price) and a second mortgage for the rest ($476,653 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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