Loan Comparison: 3.7% vs 6.5%
9256 Portmarnock, Peyton, CO 80831 · 4bd/4ba · $437,500
List Price
$437,500
Assumable Rate
3.7%
Remaining Balance
$243,423
Equity Gap
$194,076
Loan Type
FHAAdjust Your Scenario
$21,875
$21,875$194,076
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.7% (FHA)
Blended Rate: 5.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,627/moAssumable @ 3.7% + gap loan
$2,445/moAssumed loan: $1,120/mo
Gap financing: $1,324/mo
$183less per month with the assumable
Your Savings on This Property
9256 Portmarnock, Peyton · 3.7% FHA vs 6.5% conventional
$183
per month
$2,190
per year
$65,708
over 30 years
$65,707
interest saved
How gap financing works: The equity gap ($194,076) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,875, 5% of purchase price) and a second mortgage for the rest ($172,201 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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