Loan Comparison: 3.07% vs 6.5%
366 Beckwourth, Fort Lupton, CO 80621 · 3bd/2ba · $420,000
List Price
$420,000
Assumable Rate
3.07%
Remaining Balance
$352,487
Equity Gap
$81,070
Loan Type
FHAAdjust Your Scenario
$21,000
$21,000$81,070
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (FHA)
Blended Rate: 3.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,522/moAssumable @ 3.07% + gap loan
$1,961/moAssumed loan: $1,499/mo
Gap financing: $462/mo
$561less per month with the assumable
Your Savings on This Property
366 Beckwourth, Fort Lupton · 3.07% FHA vs 6.5% conventional
$561
per month
$6,728
per year
$201,825
over 30 years
$215,382
interest saved
How gap financing works: The equity gap ($81,070) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,000, 5% of purchase price) and a second mortgage for the rest ($60,070 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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