Loan Comparison: 3.36% vs 6.5%
6889 Xavier Circle, Westminster, CO 80030 · 2bd/1ba · $359,000
List Price
$359,000
Assumable Rate
3.36%
Remaining Balance
$66,995
Equity Gap
$292,005
Loan Type
FHAAdjust Your Scenario
$17,950
$17,950$292,005
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.36% (FHA)
Blended Rate: 6.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,156/moAssumable @ 3.36% + gap loan
$2,212/moAssumed loan: $296/mo
Gap financing: $1,916/mo
Your Savings on This Property
6889 Xavier Circle, Westminster · 3.36% 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 ($292,005) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,950, 5% of purchase price) and a second mortgage for the rest ($274,055 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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