Loan Comparison: 3.82% vs 6.5%
12213 Wolff Drive, Broomfield, CO 80233 · 4bd/2ba · $749,900
List Price
$749,900
Assumable Rate
3.82%
Remaining Balance
$402,991
Equity Gap
$346,908
Loan Type
FHAAdjust Your Scenario
$37,495
$37,495$346,908
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.82% (FHA)
Blended Rate: 5.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 3.82% + gap loan
$4,046/moAssumed loan: $1,882/mo
Gap financing: $2,163/mo
$457less per month with the assumable
Your Savings on This Property
12213 Wolff Drive, Broomfield · 3.82% FHA vs 6.5% conventional
$457
per month
$5,485
per year
$164,544
over 30 years
$164,543
interest saved
How gap financing works: The equity gap ($346,908) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,495, 5% of purchase price) and a second mortgage for the rest ($309,413 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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