Loan Comparison: 6.54% vs 6.5%
11808 Sherman Street, Northglenn, CO 80640 · 3bd/2ba · $525,000
List Price
$525,000
Assumable Rate
6.54%
Remaining Balance
$452,764
Equity Gap
$72,235
Loan Type
FHAAdjust Your Scenario
$26,250
$26,250$72,235
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.54% (FHA)
Blended Rate: 6.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 6.54% + gap loan
$3,195/moAssumed loan: $2,874/mo
Gap financing: $322/mo
Your Savings on This Property
11808 Sherman Street, Northglenn · 6.54% 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 ($72,235) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($45,985 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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