Loan Comparison: 6.26% vs 6.5%
9231 104th Place, Westminster, CO 80021 · 4bd/3ba · $475,000
List Price
$475,000
Assumable Rate
6.26%
Remaining Balance
$413,884
Equity Gap
$61,116
Loan Type
FHAAdjust Your Scenario
$23,750
$23,750$61,116
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.26% (FHA)
Blended Rate: 6.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 6.26% + gap loan
$2,812/moAssumed loan: $2,551/mo
Gap financing: $261/mo
$40less per month with the assumable
Your Savings on This Property
9231 104th Place, Westminster · 6.26% FHA vs 6.5% conventional
$40
per month
$479
per year
$14,361
over 30 years
$14,361
interest saved
How gap financing works: The equity gap ($61,116) 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 ($37,366 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.
🏠
Back to This Listing
View photos, details, and request a showing for 9231 104th Place.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.