Loan Comparison: 5.94% vs 6.5%
1545 Adriel, Fort Collins, CO 80524 · 2bd/2ba · $339,000
List Price
$339,000
Assumable Rate
5.94%
Remaining Balance
$247,377
Equity Gap
$120,188
Loan Type
FHAAdjust Your Scenario
$16,950
$16,950$120,188
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.94% (FHA)
Blended Rate: 6.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,036/moAssumable @ 5.94% + gap loan
$2,267/moAssumed loan: $1,474/mo
Gap financing: $794/mo
Your Savings on This Property
1545 Adriel, Fort Collins · 5.94% 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 ($120,188) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,950, 5% of purchase price) and a second mortgage for the rest ($103,238 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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