Loan Comparison: 5.55% vs 6.5%
7940 Appleblossom Lane, Westminster, CO 80030 · 1bd/1ba · $520,000
List Price
$520,000
Assumable Rate
5.55%
Remaining Balance
$416,761
Equity Gap
$103,239
Loan Type
FHAAdjust Your Scenario
$26,000
$26,000$103,239
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.55% (FHA)
Blended Rate: 5.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 5.55% + gap loan
$2,919/moAssumed loan: $2,379/mo
Gap financing: $540/mo
$203less per month with the assumable
Your Savings on This Property
7940 Appleblossom Lane, Westminster · 5.55% FHA vs 6.5% conventional
$203
per month
$2,435
per year
$73,057
over 30 years
$73,057
interest saved
How gap financing works: The equity gap ($103,239) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($77,239 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 7940 Appleblossom Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.