Loan Comparison: 4.2% vs 6.5%
16665 Ninebark, Parker, CO 80134 · 4bd/2ba · $515,000
List Price
$515,000
Assumable Rate
4.2%
Remaining Balance
$396,900
Equity Gap
$118,953
Loan Type
FHAAdjust Your Scenario
$25,750
$25,750$118,953
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.2% (FHA)
Blended Rate: 5.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 4.2% + gap loan
$2,658/moAssumed loan: $1,941/mo
Gap financing: $717/mo
$435less per month with the assumable
Your Savings on This Property
16665 Ninebark, Parker · 4.2% FHA vs 6.5% conventional
$435
per month
$5,218
per year
$156,540
over 30 years
$157,393
interest saved
How gap financing works: The equity gap ($118,953) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($93,203 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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