Loan Comparison: 6.6% vs 6.5%
10475 Grant Drive, Northglenn, CO 80233 · 4bd/2ba · $459,000
List Price
$459,000
Assumable Rate
6.6%
Remaining Balance
$414,944
Equity Gap
$44,055
Loan Type
FHAAdjust Your Scenario
$22,950
$22,950$44,055
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.6% (FHA)
Blended Rate: 6.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,756/moAssumable @ 6.6% + gap loan
$2,798/moAssumed loan: $2,650/mo
Gap financing: $148/mo
Your Savings on This Property
10475 Grant Drive, Northglenn · 6.6% 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 ($44,055) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,950, 5% of purchase price) and a second mortgage for the rest ($21,105 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.
🏠
Back to This Listing
View photos, details, and request a showing for 10475 Grant Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.