Loan Comparison: 3.76% vs 6.5%
11035 Huron, Northglenn, CO 80234 · 2bd/2ba · $400,000
List Price
$400,000
Assumable Rate
3.76%
Remaining Balance
$349,950
Equity Gap
$50,049
Loan Type
FHAAdjust Your Scenario
$20,000
$20,000$50,049
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (FHA)
Blended Rate: 4.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 3.76% + gap loan
$1,854/moAssumed loan: $1,623/mo
Gap financing: $231/mo
$548less per month with the assumable
Your Savings on This Property
11035 Huron, Northglenn · 3.76% FHA vs 6.5% conventional
$548
per month
$6,578
per year
$197,333
over 30 years
$197,332
interest saved
How gap financing works: The equity gap ($50,049) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($30,049 at 8.5%). 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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