Loan Comparison: 3.77% vs 6.5%
11825 Gray Court, Broomfield, CO 80020 · 2bd/1ba · $690,000
List Price
$690,000
Assumable Rate
3.77%
Remaining Balance
$220,502
Equity Gap
$469,497
Loan Type
FHAAdjust Your Scenario
$34,500
$34,500$469,497
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (FHA)
Blended Rate: 6.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,143/moAssumable @ 3.77% + gap loan
$4,065/moAssumed loan: $1,024/mo
Gap financing: $3,042/mo
$78less per month with the assumable
Your Savings on This Property
11825 Gray Court, Broomfield · 3.77% FHA vs 6.5% conventional
$78
per month
$936
per year
$28,066
over 30 years
$28,065
interest saved
How gap financing works: The equity gap ($469,497) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,500, 5% of purchase price) and a second mortgage for the rest ($434,997 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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