Loan Comparison: 6.19% vs 6.5%
23541 Broadmoor Drive, Parker, CO 80138 · 3bd/2ba · $509,000
List Price
$509,000
Assumable Rate
6.19%
Remaining Balance
$152,100
Equity Gap
$356,900
Loan Type
FHAAdjust Your Scenario
$25,450
$25,450$356,900
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.19% (FHA)
Blended Rate: 7.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,056/moAssumable @ 6.19% + gap loan
$3,248/moAssumed loan: $931/mo
Gap financing: $2,318/mo
Your Savings on This Property
23541 Broadmoor Drive, Parker · 6.19% 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 ($356,900) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,450, 5% of purchase price) and a second mortgage for the rest ($331,450 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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