Loan Comparison: 3.08% vs 6.5%
9799 Aberdale, Peyton, CO 80831 · 3bd/3ba · $500,000
List Price
$500,000
Assumable Rate
3.08%
Remaining Balance
$269,756
Equity Gap
$230,244
Loan Type
FHAAdjust Your Scenario
$25,000
$25,000$230,244
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (FHA)
Blended Rate: 5.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.08% + gap loan
$2,727/moAssumed loan: $1,149/mo
Gap financing: $1,578/mo
$275less per month with the assumable
Your Savings on This Property
9799 Aberdale, Peyton · 3.08% FHA vs 6.5% conventional
$275
per month
$3,302
per year
$99,072
over 30 years
$99,072
interest saved
How gap financing works: The equity gap ($230,244) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($205,244 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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