Loan Comparison: 4.2% vs 6.5%
386 Sunmountain, Loveland, CO 80538 · 3bd/4ba · $479,990
List Price
$479,990
Assumable Rate
4.2%
Remaining Balance
$369,042
Equity Gap
$211,614
Loan Type
FHAAdjust Your Scenario
$24,000
$24,000$211,614
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.2% (FHA)
Blended Rate: 5.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 4.2% + gap loan
$3,247/moAssumed loan: $1,805/mo
Gap financing: $1,443/mo
Your Savings on This Property
386 Sunmountain, Loveland · 4.2% 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 ($211,614) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,000, 5% of purchase price) and a second mortgage for the rest ($187,614 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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