Loan Comparison: 6.43% vs 6.5%
6610 109th Place, Broomfield, CO 80020 · 4bd/2ba · $575,000
List Price
$575,000
Assumable Rate
6.43%
Remaining Balance
$529,908
Equity Gap
$45,092
Loan Type
FHAAdjust Your Scenario
$28,750
$28,750$45,092
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.43% (FHA)
Blended Rate: 6.46%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 6.43% + gap loan
$3,439/moAssumed loan: $3,325/mo
Gap financing: $114/mo
$13less per month with the assumable
Your Savings on This Property
6610 109th Place, Broomfield · 6.43% FHA vs 6.5% conventional
$13
per month
$161
per year
$4,818
over 30 years
$4,818
interest saved
How gap financing works: The equity gap ($45,092) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($16,342 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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