Loan Comparison: 6.35% vs 6.5%
13476 Bryant Way, Broomfield, CO 80020 · 4bd/3ba · $510,000
List Price
$510,000
Assumable Rate
6.35%
Remaining Balance
$481,202
Equity Gap
$28,797
Loan Type
FHAAdjust Your Scenario
$25,500
$25,500$28,797
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.35% (FHA)
Blended Rate: 6.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,062/moAssumable @ 6.35% + gap loan
$3,017/moAssumed loan: $2,994/mo
Gap financing: $23/mo
$45less per month with the assumable
Your Savings on This Property
13476 Bryant Way, Broomfield · 6.35% FHA vs 6.5% conventional
$45
per month
$541
per year
$16,238
over 30 years
$16,237
interest saved
How gap financing works: The equity gap ($28,797) 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 ($3,297 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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