Loan Comparison: 2.83% vs 6.5%
8615 Gold Peak, Highlands Ranch, CO 80130 · 3bd/3ba · $620,000
List Price
$620,000
Assumable Rate
2.83%
Remaining Balance
$160,296
Equity Gap
$299,409
Loan Type
FHAAdjust Your Scenario
$31,000
$31,000$299,409
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (FHA)
Blended Rate: 6.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,723/moAssumable @ 2.83% + gap loan
$2,725/moAssumed loan: $661/mo
Gap financing: $2,064/mo
$998less per month with the assumable
Your Savings on This Property
8615 Gold Peak, Highlands Ranch · 2.83% FHA vs 6.5% conventional
$998
per month
$11,974
per year
$359,223
over 30 years
$198,928
interest saved
How gap financing works: The equity gap ($299,409) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,000, 5% of purchase price) and a second mortgage for the rest ($268,409 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 8615 Gold Peak.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.