Loan Comparison: 2.9% vs 6.5%
9570 Deerhorn, Parker, CO 80134 · 2bd/3ba · $449,999
List Price
$449,999
Assumable Rate
2.9%
Remaining Balance
$385,117
Equity Gap
$91,558
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$91,558
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (FHA)
Blended Rate: 3.75%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 2.9% + gap loan
$2,134/moAssumed loan: $1,603/mo
Gap financing: $531/mo
$568less per month with the assumable
Your Savings on This Property
9570 Deerhorn, Parker · 2.9% FHA vs 6.5% conventional
$568
per month
$6,817
per year
$204,522
over 30 years
$231,198
interest saved
How gap financing works: The equity gap ($91,558) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($69,058 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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