Loan Comparison: 6% vs 6.5%
2708 126th, Broomfield, CO 80020 · 3bd/3ba · $607,000
List Price
$607,000
Assumable Rate
6%
Remaining Balance
$157,147
Equity Gap
$449,136
Loan Type
FHAAdjust Your Scenario
$30,350
$30,350$449,136
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6% (FHA)
Blended Rate: 7.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,645/moAssumable @ 6% + gap loan
$4,162/moAssumed loan: $942/mo
Gap financing: $3,220/mo
Your Savings on This Property
2708 126th, Broomfield · 6% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($449,136) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,350, 5% of purchase price) and a second mortgage for the rest ($418,786 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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