Loan Comparison: 3.45% vs 6.5%
380-390 County, Louisville, CO 80027 · 8bd/6ba · $1,099,000
List Price
$1,099,000
Assumable Rate
3.45%
Remaining Balance
$907,785
Equity Gap
$714,952
Loan Type
FHAAdjust Your Scenario
$54,950
$54,950$714,952
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 5.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,599/moAssumable @ 3.45% + gap loan
$9,126/moAssumed loan: $4,051/mo
Gap financing: $5,075/mo
Your Savings on This Property
380-390 County, Louisville · 3.45% 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 ($714,952) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($54,950, 5% of purchase price) and a second mortgage for the rest ($660,002 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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