Loan Comparison: 4.43% vs 6.5%
8023 Wolff Street, Westminster, CO 80031 · 3bd/3ba · $235,000
List Price
$235,000
Assumable Rate
4.43%
Remaining Balance
$38,974
Equity Gap
$196,026
Loan Type
FHAAdjust Your Scenario
$11,750
$11,750$196,026
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.43% (FHA)
Blended Rate: 6.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,411/moAssumable @ 4.43% + gap loan
$1,484/moAssumed loan: $196/mo
Gap financing: $1,288/mo
Your Savings on This Property
8023 Wolff Street, Westminster · 4.43% 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 ($196,026) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,750, 5% of purchase price) and a second mortgage for the rest ($184,276 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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