Loan Comparison: 3.76% vs 6.5%
3855 Beechwood, Johnstown, CO 80534 · 3bd/3ba · $474,900
List Price
$474,900
Assumable Rate
3.76%
Remaining Balance
$442,566
Equity Gap
$49,292
Loan Type
FHAAdjust Your Scenario
$23,745
$23,745$49,292
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (FHA)
Blended Rate: 4.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 3.76% + gap loan
$2,249/moAssumed loan: $2,052/mo
Gap financing: $196/mo
$603less per month with the assumable
Your Savings on This Property
3855 Beechwood, Johnstown · 3.76% FHA vs 6.5% conventional
$603
per month
$7,237
per year
$217,104
over 30 years
$234,062
interest saved
How gap financing works: The equity gap ($49,292) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,745, 5% of purchase price) and a second mortgage for the rest ($25,547 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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