Loan Comparison: 3.7% vs 6.5%
9256 Portmarnock, Peyton, CO 80831 · 4bd/4ba · $465,000
List Price
$465,000
Assumable Rate
3.7%
Remaining Balance
$243,962
Equity Gap
$220,501
Loan Type
FHAAdjust Your Scenario
$23,250
$23,250$220,501
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.7% (FHA)
Blended Rate: 5.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 3.7% + gap loan
$2,640/moAssumed loan: $1,123/mo
Gap financing: $1,517/mo
$153less per month with the assumable
Your Savings on This Property
9256 Portmarnock, Peyton · 3.7% FHA vs 6.5% conventional
$153
per month
$1,831
per year
$54,920
over 30 years
$54,383
interest saved
How gap financing works: The equity gap ($220,501) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($197,251 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 9256 Portmarnock.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.