Loan Comparison: 3.08% vs 6.5%
1676 Country Sun, Windsor, CO 80550 · 3bd/3ba · $524,900
List Price
$524,900
Assumable Rate
3.08%
Remaining Balance
$414,129
Equity Gap
$151,497
Loan Type
FHAAdjust Your Scenario
$26,245
$26,245$151,497
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (FHA)
Blended Rate: 4.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.08% + gap loan
$2,727/moAssumed loan: $1,764/mo
Gap financing: $963/mo
$425less per month with the assumable
Your Savings on This Property
1676 Country Sun, Windsor · 3.08% FHA vs 6.5% conventional
$425
per month
$5,098
per year
$152,948
over 30 years
$193,674
interest saved
How gap financing works: The equity gap ($151,497) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,245, 5% of purchase price) and a second mortgage for the rest ($125,252 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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