Loan Comparison: 3.34% vs 6.5%
19755 Elbert, Peyton, CO 80831 · 5bd/5ba · $2,700,000
List Price
$2,700,000
Assumable Rate
3.34%
Remaining Balance
$1,031,599
Equity Gap
$1,692,757
Loan Type
FHAAdjust Your Scenario
$135,000
$135,000$1,692,757
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.34% (FHA)
Blended Rate: 6.44%
Monthly Payment Comparison
New Conventional @ 6.5%
$16,213/moAssumable @ 3.34% + gap loan
$16,519/moAssumed loan: $4,541/mo
Gap financing: $11,978/mo
Your Savings on This Property
19755 Elbert, Peyton · 3.34% 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 ($1,692,757) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($135,000, 5% of purchase price) and a second mortgage for the rest ($1,557,757 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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