Loan Comparison: 2.35% vs 6.5%
1620 Ponderosa, Fort Lupton, CO 80621 · 3bd/2ba · $475,000
List Price
$475,000
Assumable Rate
2.35%
Remaining Balance
$207,388
Equity Gap
$267,093
Loan Type
FHAAdjust Your Scenario
$23,750
$23,750$267,093
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.35% (FHA)
Blended Rate: 5.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 2.35% + gap loan
$2,674/moAssumed loan: $803/mo
Gap financing: $1,871/mo
$178less per month with the assumable
Your Savings on This Property
1620 Ponderosa, Fort Lupton · 2.35% FHA vs 6.5% conventional
$178
per month
$2,133
per year
$63,993
over 30 years
$63,474
interest saved
How gap financing works: The equity gap ($267,093) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($243,343 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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