Loan Comparison: 5.2% vs 6.5%
9138 Gale Boulevard, Thornton, CO 80260 · 4bd/3ba · $330,000
List Price
$330,000
Assumable Rate
5.2%
Remaining Balance
$76,644
Equity Gap
$253,355
Loan Type
FHAAdjust Your Scenario
$16,500
$16,500$253,355
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.2% (FHA)
Blended Rate: 6.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,982/moAssumable @ 5.2% + gap loan
$2,077/moAssumed loan: $421/mo
Gap financing: $1,656/mo
Your Savings on This Property
9138 Gale Boulevard, Thornton · 5.2% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($253,355) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,500, 5% of purchase price) and a second mortgage for the rest ($236,855 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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