Loan Comparison: 3.45% vs 6.5%
8325 Mummy Range, Fort Collins, CO 80528 · 4bd/2ba · $378,000
List Price
$378,000
Assumable Rate
3.45%
Remaining Balance
$314,995
Equity Gap
$63,004
Loan Type
FHAAdjust Your Scenario
$18,900
$18,900$63,004
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 4.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,270/moAssumable @ 3.45% + gap loan
$1,745/moAssumed loan: $1,406/mo
Gap financing: $339/mo
$525less per month with the assumable
Your Savings on This Property
8325 Mummy Range, Fort Collins · 3.45% FHA vs 6.5% conventional
$525
per month
$6,299
per year
$188,980
over 30 years
$188,979
interest saved
How gap financing works: The equity gap ($63,004) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,900, 5% of purchase price) and a second mortgage for the rest ($44,104 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.
🏠
Back to This Listing
View photos, details, and request a showing for 8325 Mummy Range.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.