Loan Comparison: 5.25% vs 6.5%
602 Hillrose, Fort Collins, CO 80525 · 3bd/4ba · $617,500
List Price
$617,500
Assumable Rate
5.25%
Remaining Balance
$460,160
Equity Gap
$157,892
Loan Type
FHAAdjust Your Scenario
$30,875
$30,875$157,892
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.25% (FHA)
Blended Rate: 5.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,708/moAssumable @ 5.25% + gap loan
$3,518/moAssumed loan: $2,541/mo
Gap financing: $977/mo
$190less per month with the assumable
Your Savings on This Property
602 Hillrose, Fort Collins · 5.25% FHA vs 6.5% conventional
$190
per month
$2,282
per year
$68,471
over 30 years
$69,023
interest saved
How gap financing works: The equity gap ($157,892) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,875, 5% of purchase price) and a second mortgage for the rest ($127,017 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.
🏠
Back to This Listing
View photos, details, and request a showing for 602 Hillrose.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.