Loan Comparison: 4.16% vs 6.5%
2911 Princess Circle, Broomfield, CO 80020 · 4bd/3ba · $625,000
List Price
$625,000
Assumable Rate
4.16%
Remaining Balance
$223,256
Equity Gap
$401,743
Loan Type
FHAAdjust Your Scenario
$31,250
$31,250$401,743
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.16% (FHA)
Blended Rate: 6.24%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,753/moAssumable @ 4.16% + gap loan
$3,677/moAssumed loan: $1,087/mo
Gap financing: $2,591/mo
$76less per month with the assumable
Your Savings on This Property
2911 Princess Circle, Broomfield · 4.16% FHA vs 6.5% conventional
$76
per month
$910
per year
$27,291
over 30 years
$27,290
interest saved
How gap financing works: The equity gap ($401,743) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,250, 5% of purchase price) and a second mortgage for the rest ($370,493 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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