Loan Comparison: 2.86% vs 6.5%
50 Holman, Golden, CO 80401 · 3bd/4ba · $599,000
List Price
$599,000
Assumable Rate
2.86%
Remaining Balance
$201,613
Equity Gap
$580,345
Loan Type
FHAAdjust Your Scenario
$29,950
$29,950$580,345
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.86% (FHA)
Blended Rate: 6.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,597/moAssumable @ 2.86% + gap loan
$5,067/moAssumed loan: $835/mo
Gap financing: $4,232/mo
Your Savings on This Property
50 Holman, Golden · 2.86% 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 ($580,345) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,950, 5% of purchase price) and a second mortgage for the rest ($550,395 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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