Loan Comparison: 3.46% vs 6.5%
1116 Sunrise, Dacono, CO 80514 · 5bd/3ba · $450,000
List Price
$450,000
Assumable Rate
3.46%
Remaining Balance
$294,747
Equity Gap
$227,989
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$227,989
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.46% (FHA)
Blended Rate: 5.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 3.46% + gap loan
$2,897/moAssumed loan: $1,317/mo
Gap financing: $1,580/mo
Your Savings on This Property
1116 Sunrise, Dacono · 3.46% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$2,567
interest saved
How gap financing works: The equity gap ($227,989) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($205,489 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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