Loan Comparison: 3.2% vs 6.5%
3440 Princess Court, Broomfield, CO 80241 · 3bd/3ba · $515,000
List Price
$515,000
Assumable Rate
3.2%
Remaining Balance
$358,660
Equity Gap
$156,339
Loan Type
FHAAdjust Your Scenario
$25,750
$25,750$156,339
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.2% (FHA)
Blended Rate: 4.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 3.2% + gap loan
$2,464/moAssumed loan: $1,551/mo
Gap financing: $913/mo
$628less per month with the assumable
Your Savings on This Property
3440 Princess Court, Broomfield · 3.2% FHA vs 6.5% conventional
$628
per month
$7,539
per year
$226,156
over 30 years
$226,155
interest saved
How gap financing works: The equity gap ($156,339) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($130,589 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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