Loan Comparison: 5.81% vs 6.5%
2183 Saddle Back, Fort Lupton, CO 80621 · 3bd/3ba · $552,500
List Price
$552,500
Assumable Rate
5.81%
Remaining Balance
$387,377
Equity Gap
$165,123
Loan Type
FHAAdjust Your Scenario
$27,625
$27,625$165,123
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.81% (FHA)
Blended Rate: 6.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,318/moAssumable @ 5.81% + gap loan
$3,333/moAssumed loan: $2,275/mo
Gap financing: $1,057/mo
Your Savings on This Property
2183 Saddle Back, Fort Lupton · 5.81% 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 ($165,123) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,625, 5% of purchase price) and a second mortgage for the rest ($137,498 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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