Loan Comparison: 2.87% vs 6.5%
20 Larkspur, Palmer Lake, CO 80133 · 2bd/1ba · $465,000
List Price
$465,000
Assumable Rate
2.87%
Remaining Balance
$327,325
Equity Gap
$139,124
Loan Type
FHAAdjust Your Scenario
$23,250
$23,250$139,124
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (FHA)
Blended Rate: 4.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 2.87% + gap loan
$2,248/moAssumed loan: $1,357/mo
Gap financing: $891/mo
$544less per month with the assumable
Your Savings on This Property
20 Larkspur, Palmer Lake · 2.87% FHA vs 6.5% conventional
$544
per month
$6,528
per year
$195,846
over 30 years
$197,295
interest saved
How gap financing works: The equity gap ($139,124) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($115,874 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.
🏠
Back to This Listing
View photos, details, and request a showing for 20 Larkspur.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.