Loan Comparison: 5.79% vs 6.5%

9615 Aspen Hill, Lone Tree, CO 80124 · 4bd/4ba · $1,495,000

List Price
$1,495,000
Assumable Rate
5.79%
Remaining Balance
$145,506
Equity Gap
$1,346,570
Loan Type
FHA

Adjust Your Scenario

$74,750
$74,750$1,346,570
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.79% (FHA)
Blended Rate: 8.22%

Monthly Payment Comparison

New Conventional @ 6.5%
$8,977/mo
Assumable @ 5.79% + gap loan
$10,632/mo
Assumed loan: $853/mo
Gap financing: $9,779/mo

Your Savings on This Property

9615 Aspen Hill, Lone Tree · 5.79% 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 ($1,346,570) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($74,750, 5% of purchase price) and a second mortgage for the rest ($1,271,820 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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