Loan Comparison: 2.94% vs 6.5%
7819 Hill Crest, Louviers, CO 80131 · 4bd/2ba · $949,900
List Price
$949,900
Assumable Rate
2.94%
Remaining Balance
$478,428
Equity Gap
$552,276
Loan Type
FHAAdjust Your Scenario
$47,495
$47,495$552,276
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (FHA)
Blended Rate: 5.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,704/moAssumable @ 2.94% + gap loan
$5,883/moAssumed loan: $2,002/mo
Gap financing: $3,881/mo
Your Savings on This Property
7819 Hill Crest, Louviers · 2.94% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$16,314
interest saved
How gap financing works: The equity gap ($552,276) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($47,495, 5% of purchase price) and a second mortgage for the rest ($504,781 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.
🏠
Back to This Listing
View photos, details, and request a showing for 7819 Hill Crest.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.