Loan Comparison: 3.67% vs 6.5%
7875 87th, Arvada, CO 80005 · 2bd/2ba · $319,000
List Price
$319,000
Assumable Rate
3.67%
Remaining Balance
$121,894
Equity Gap
$196,731
Loan Type
FHAAdjust Your Scenario
$15,950
$15,950$196,731
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.67% (FHA)
Blended Rate: 6.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,915/moAssumable @ 3.67% + gap loan
$1,949/moAssumed loan: $559/mo
Gap financing: $1,390/mo
Your Savings on This Property
7875 87th, Arvada · 3.67% 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 ($196,731) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,950, 5% of purchase price) and a second mortgage for the rest ($180,781 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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