Loan Comparison: 5.3% vs 6.5%
5236 Warrior, Frederick, CO 80504 · 3bd/3ba · $385,000
List Price
$385,000
Assumable Rate
5.3%
Remaining Balance
$336,871
Equity Gap
$48,129
Loan Type
FHAAdjust Your Scenario
$19,250
$19,250$48,129
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.3% (FHA)
Blended Rate: 5.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,312/moAssumable @ 5.3% + gap loan
$2,093/moAssumed loan: $1,871/mo
Gap financing: $222/mo
$219less per month with the assumable
Your Savings on This Property
5236 Warrior, Frederick · 5.3% FHA vs 6.5% conventional
$219
per month
$2,629
per year
$78,867
over 30 years
$78,867
interest saved
How gap financing works: The equity gap ($48,129) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,250, 5% of purchase price) and a second mortgage for the rest ($28,879 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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