Loan Comparison: 2.68% vs 6.5%
10582 Yosemite, Henderson, CO 80640 · 2bd/2ba · $477,500
List Price
$477,500
Assumable Rate
2.68%
Remaining Balance
$285,055
Equity Gap
$191,766
Loan Type
FHAAdjust Your Scenario
$23,875
$23,875$191,766
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (FHA)
Blended Rate: 4.84%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,867/moAssumable @ 2.68% + gap loan
$2,444/moAssumed loan: $1,153/mo
Gap financing: $1,291/mo
$423less per month with the assumable
Your Savings on This Property
10582 Yosemite, Henderson · 2.68% FHA vs 6.5% conventional
$423
per month
$5,077
per year
$152,320
over 30 years
$151,641
interest saved
How gap financing works: The equity gap ($191,766) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,875, 5% of purchase price) and a second mortgage for the rest ($167,891 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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