Loan Comparison: 4.64% vs 6.5%
216 Beth, Fort Lupton, CO 80621 · 4bd/3ba · $650,000
List Price
$650,000
Assumable Rate
4.64%
Remaining Balance
$487,538
Equity Gap
$494,031
Loan Type
FHAAdjust Your Scenario
$32,500
$32,500$494,031
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.64% (FHA)
Blended Rate: 6.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 4.64% + gap loan
$6,060/moAssumed loan: $2,511/mo
Gap financing: $3,549/mo
Your Savings on This Property
216 Beth, Fort Lupton · 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 ($494,031) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($461,531 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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