Loan Comparison: 5.89% vs 6.5%
16203 Barley, Fort Lupton, CO 80621 · 3bd/2ba · $600,000
List Price
$600,000
Assumable Rate
5.89%
Remaining Balance
$473,915
Equity Gap
$126,085
Loan Type
FHAAdjust Your Scenario
$30,000
$30,000$126,085
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.89% (FHA)
Blended Rate: 6.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 5.89% + gap loan
$3,547/moAssumed loan: $2,808/mo
Gap financing: $739/mo
$56less per month with the assumable
Your Savings on This Property
16203 Barley, Fort Lupton · 5.89% FHA vs 6.5% conventional
$56
per month
$673
per year
$20,177
over 30 years
$20,177
interest saved
How gap financing works: The equity gap ($126,085) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($96,085 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 16203 Barley.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.