Loan Comparison: 4.64% vs 6.5%
21832 Tallkid, Parker, CO 80138 · 4bd/4ba · $734,900
List Price
$734,900
Assumable Rate
4.64%
Remaining Balance
$388,620
Equity Gap
$386,006
Loan Type
FHAAdjust Your Scenario
$36,745
$36,745$386,006
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.64% (FHA)
Blended Rate: 6.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,413/moAssumable @ 4.64% + gap loan
$4,687/moAssumed loan: $2,002/mo
Gap financing: $2,686/mo
Your Savings on This Property
21832 Tallkid, Parker · 4.64% 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 ($386,006) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,745, 5% of purchase price) and a second mortgage for the rest ($349,261 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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