Loan Comparison: 2.68% vs 6.5%
10582 Yosemite, Henderson, CO 80640 · 2bd/2ba · $489,900
List Price
$489,900
Assumable Rate
2.68%
Remaining Balance
$285,734
Equity Gap
$204,166
Loan Type
FHAAdjust Your Scenario
$24,495
$24,495$204,166
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (FHA)
Blended Rate: 4.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,942/moAssumable @ 2.68% + gap loan
$2,537/moAssumed loan: $1,156/mo
Gap financing: $1,382/mo
$404less per month with the assumable
Your Savings on This Property
10582 Yosemite, Henderson · 2.68% FHA vs 6.5% conventional
$404
per month
$4,851
per year
$145,528
over 30 years
$145,528
interest saved
How gap financing works: The equity gap ($204,166) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,495, 5% of purchase price) and a second mortgage for the rest ($179,671 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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