Loan Comparison: 4.17% vs 6.5%
4483 Barrow, Timnath, CO 80547 · 3bd/3ba · $520,000
List Price
$520,000
Assumable Rate
4.17%
Remaining Balance
$256,087
Equity Gap
$263,913
Loan Type
FHAAdjust Your Scenario
$26,000
$26,000$263,913
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (FHA)
Blended Rate: 6.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 4.17% + gap loan
$3,077/moAssumed loan: $1,248/mo
Gap financing: $1,829/mo
$45less per month with the assumable
Your Savings on This Property
4483 Barrow, Timnath · 4.17% FHA vs 6.5% conventional
$45
per month
$543
per year
$16,287
over 30 years
$16,287
interest saved
How gap financing works: The equity gap ($263,913) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($237,913 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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