Loan Comparison: 4.37% vs 6.5%
1539 West Shore, Loveland, CO 80538 · 3bd/2ba · $480,000
List Price
$480,000
Assumable Rate
4.37%
Remaining Balance
$330,446
Equity Gap
$195,760
Loan Type
FHAAdjust Your Scenario
$24,000
$24,000$195,760
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.37% (FHA)
Blended Rate: 5.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 4.37% + gap loan
$2,970/moAssumed loan: $1,649/mo
Gap financing: $1,321/mo
Your Savings on This Property
1539 West Shore, Loveland · 4.37% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$14,760
interest saved
How gap financing works: The equity gap ($195,760) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,000, 5% of purchase price) and a second mortgage for the rest ($171,760 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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