Loan Comparison: 4.35% vs 6.5%
5115 Pasadena Way, Broomfield, CO 80023 · 3bd/3ba · $535,000
List Price
$535,000
Assumable Rate
4.35%
Remaining Balance
$324,815
Equity Gap
$210,185
Loan Type
FHAAdjust Your Scenario
$26,750
$26,750$210,185
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.35% (FHA)
Blended Rate: 5.49%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 4.35% + gap loan
$2,900/moAssumed loan: $1,617/mo
Gap financing: $1,283/mo
$313less per month with the assumable
Your Savings on This Property
5115 Pasadena Way, Broomfield · 4.35% FHA vs 6.5% conventional
$313
per month
$3,755
per year
$112,649
over 30 years
$112,649
interest saved
How gap financing works: The equity gap ($210,185) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($183,435 at 7.5%). 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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