Loan Comparison: 3.76% vs 6.5%
11035 Huron, Northglenn, CO 80234 · 2bd/2ba · $380,000
List Price
$380,000
Assumable Rate
3.76%
Remaining Balance
$349,294
Equity Gap
$30,706
Loan Type
FHAAdjust Your Scenario
$19,000
$19,000$30,706
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (FHA)
Blended Rate: 3.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,282/moAssumable @ 3.76% + gap loan
$1,710/moAssumed loan: $1,620/mo
Gap financing: $90/mo
$572less per month with the assumable
Your Savings on This Property
11035 Huron, Northglenn · 3.76% FHA vs 6.5% conventional
$572
per month
$6,866
per year
$205,970
over 30 years
$205,970
interest saved
How gap financing works: The equity gap ($30,706) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,000, 5% of purchase price) and a second mortgage for the rest ($11,706 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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