Loan Comparison: 5.52% vs 6.5%
7871 Grove, Westminster, CO 80030 · 5bd/2ba · $450,000
List Price
$450,000
Assumable Rate
5.52%
Remaining Balance
$390,354
Equity Gap
$59,646
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$59,646
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 5.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 5.52% + gap loan
$2,507/moAssumed loan: $2,221/mo
Gap financing: $286/mo
$195less per month with the assumable
Your Savings on This Property
7871 Grove, Westminster · 5.52% FHA vs 6.5% conventional
$195
per month
$2,342
per year
$70,266
over 30 years
$70,266
interest saved
How gap financing works: The equity gap ($59,646) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($37,146 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.
🏠
Back to This Listing
View photos, details, and request a showing for 7871 Grove.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.