Loan Comparison: 2.89% vs 6.5%
23110 Blackwolf, Parker, CO 80138 · 3bd/3ba · $519,999
List Price
$519,999
Assumable Rate
2.89%
Remaining Balance
$203,546
Equity Gap
$404,248
Loan Type
FHAAdjust Your Scenario
$26,000
$26,000$404,248
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (FHA)
Blended Rate: 6.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 2.89% + gap loan
$3,755/moAssumed loan: $846/mo
Gap financing: $2,908/mo
Your Savings on This Property
23110 Blackwolf, Parker · 2.89% 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 ($404,248) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($378,248 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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