Loan Comparison: 6.82% vs 6.5%
13256 Mirror Lake Way, Broomfield, CO 80020 · 3bd/3ba · $790,000
List Price
$790,000
Assumable Rate
6.82%
Remaining Balance
$721,379
Equity Gap
$68,621
Loan Type
FHAAdjust Your Scenario
$39,500
$39,500$68,621
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.82% (FHA)
Blended Rate: 6.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,744/moAssumable @ 6.82% + gap loan
$4,916/moAssumed loan: $4,712/mo
Gap financing: $204/mo
Your Savings on This Property
13256 Mirror Lake Way, Broomfield · 6.82% 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 ($68,621) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,500, 5% of purchase price) and a second mortgage for the rest ($29,121 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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