Loan Comparison: 4.4% vs 6.5%
4315 128th, Thornton, CO 80241 · 4bd/4ba · $529,900
List Price
$529,900
Assumable Rate
4.4%
Remaining Balance
$328,652
Equity Gap
$246,314
Loan Type
FHAAdjust Your Scenario
$26,495
$26,495$246,314
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.4% (FHA)
Blended Rate: 6.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 4.4% + gap loan
$3,336/moAssumed loan: $1,646/mo
Gap financing: $1,690/mo
Your Savings on This Property
4315 128th, Thornton · 4.4% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($246,314) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,495, 5% of purchase price) and a second mortgage for the rest ($219,819 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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