Loan Comparison: 3.56% vs 6.5%
8412 Galvani, Highlands Ranch, CO 80129 · 2bd/3ba · $475,000
List Price
$475,000
Assumable Rate
3.56%
Remaining Balance
$460,823
Equity Gap
$55,300
Loan Type
FHAAdjust Your Scenario
$23,750
$23,750$55,300
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.56% (FHA)
Blended Rate: 3.88%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 3.56% + gap loan
$2,327/moAssumed loan: $2,085/mo
Gap financing: $243/mo
$525less per month with the assumable
Your Savings on This Property
8412 Galvani, Highlands Ranch · 3.56% FHA vs 6.5% conventional
$525
per month
$6,298
per year
$188,945
over 30 years
$230,068
interest saved
How gap financing works: The equity gap ($55,300) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($31,550 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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