Loan Comparison: 4.67% vs 6.5%
1975 Thrasher, Pueblo, CO 81008 · 4bd/3ba · $374,900
List Price
$374,900
Assumable Rate
4.67%
Remaining Balance
$342,048
Equity Gap
$77,218
Loan Type
FHAAdjust Your Scenario
$18,745
$18,745$77,218
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.67% (FHA)
Blended Rate: 5.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,251/moAssumable @ 4.67% + gap loan
$2,217/moAssumed loan: $1,768/mo
Gap financing: $450/mo
$34less per month with the assumable
Your Savings on This Property
1975 Thrasher, Pueblo · 4.67% FHA vs 6.5% conventional
$34
per month
$404
per year
$12,135
over 30 years
$56,501
interest saved
How gap financing works: The equity gap ($77,218) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,745, 5% of purchase price) and a second mortgage for the rest ($58,473 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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