Loan Comparison: 3.69% vs 6.5%
1800 Terrace, Fort Collins, CO 80528 · 4bd/4ba · $550,000
List Price
$550,000
Assumable Rate
3.69%
Remaining Balance
$274,943
Equity Gap
$325,057
Loan Type
FHAAdjust Your Scenario
$27,500
$27,500$325,057
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (FHA)
Blended Rate: 6.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 3.69% + gap loan
$3,552/moAssumed loan: $1,264/mo
Gap financing: $2,288/mo
Your Savings on This Property
1800 Terrace, Fort Collins · 3.69% 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 ($325,057) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($297,557 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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