Loan Comparison: 4.35% vs 6.5%
5115 Pasadena Way, Broomfield, CO 80602 · 6bd/5ba · $519,000
List Price
$519,000
Assumable Rate
4.35%
Remaining Balance
$323,834
Equity Gap
$195,165
Loan Type
FHAAdjust Your Scenario
$25,950
$25,950$195,165
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.35% (FHA)
Blended Rate: 5.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,116/moAssumable @ 4.35% + gap loan
$2,795/moAssumed loan: $1,612/mo
Gap financing: $1,183/mo
$321less per month with the assumable
Your Savings on This Property
5115 Pasadena Way, Broomfield · 4.35% FHA vs 6.5% conventional
$321
per month
$3,854
per year
$115,615
over 30 years
$115,614
interest saved
How gap financing works: The equity gap ($195,165) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,950, 5% of purchase price) and a second mortgage for the rest ($169,215 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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