Loan Comparison: 3.23% vs 6.5%
5427 Bobcat Street, Frederick, CO 80504 · 6bd/4ba · $510,000
List Price
$510,000
Assumable Rate
3.23%
Remaining Balance
$347,335
Equity Gap
$162,665
Loan Type
FHAAdjust Your Scenario
$25,500
$25,500$162,665
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (FHA)
Blended Rate: 4.44%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,062/moAssumable @ 3.23% + gap loan
$2,467/moAssumed loan: $1,508/mo
Gap financing: $959/mo
$595less per month with the assumable
Your Savings on This Property
5427 Bobcat Street, Frederick · 3.23% FHA vs 6.5% conventional
$595
per month
$7,146
per year
$214,372
over 30 years
$214,372
interest saved
How gap financing works: The equity gap ($162,665) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,500, 5% of purchase price) and a second mortgage for the rest ($137,165 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 5427 Bobcat Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.