Loan Comparison: 4.75% vs 6.5%
5125 109th Circle, Westminster, CO 80031 · 3bd/2ba · $805,000
List Price
$805,000
Assumable Rate
4.75%
Remaining Balance
$648,960
Equity Gap
$156,040
Loan Type
FHAAdjust Your Scenario
$40,250
$40,250$156,040
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.75% (FHA)
Blended Rate: 5.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,834/moAssumable @ 4.75% + gap loan
$4,195/moAssumed loan: $3,385/mo
Gap financing: $810/mo
$639less per month with the assumable
Your Savings on This Property
5125 109th Circle, Westminster · 4.75% FHA vs 6.5% conventional
$639
per month
$7,666
per year
$229,981
over 30 years
$229,981
interest saved
How gap financing works: The equity gap ($156,040) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($40,250, 5% of purchase price) and a second mortgage for the rest ($115,790 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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