Loan Comparison: 4.08% vs 6.5%
21354 White Pine, Parker, CO 80138 · 4bd/4ba · $875,000
List Price
$875,000
Assumable Rate
4.08%
Remaining Balance
$577,599
Equity Gap
$498,331
Loan Type
FHAAdjust Your Scenario
$43,750
$43,750$498,331
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.08% (FHA)
Blended Rate: 6.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 4.08% + gap loan
$6,280/moAssumed loan: $2,784/mo
Gap financing: $3,495/mo
Your Savings on This Property
21354 White Pine, Parker · 4.08% 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 ($498,331) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,750, 5% of purchase price) and a second mortgage for the rest ($454,581 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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