Loan Comparison: 2.78% vs 6.5%
11441 Booth Falls, Parker, CO 80134 · 4bd/4ba · $530,000
List Price
$530,000
Assumable Rate
2.78%
Remaining Balance
$385,531
Equity Gap
$160,105
Loan Type
FHAAdjust Your Scenario
$26,500
$26,500$160,105
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.78% (FHA)
Blended Rate: 4.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 2.78% + gap loan
$2,607/moAssumed loan: $1,580/mo
Gap financing: $1,027/mo
$575less per month with the assumable
Your Savings on This Property
11441 Booth Falls, Parker · 2.78% FHA vs 6.5% conventional
$575
per month
$6,902
per year
$207,045
over 30 years
$222,681
interest saved
How gap financing works: The equity gap ($160,105) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,500, 5% of purchase price) and a second mortgage for the rest ($133,605 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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