Loan Comparison: 2.88% vs 6.5%
12139 Clay, Westminster, CO 80234 · 4bd/3ba · $1,120,000
List Price
$1,120,000
Assumable Rate
2.88%
Remaining Balance
$508,318
Equity Gap
$610,578
Loan Type
FHAAdjust Your Scenario
$56,000
$56,000$610,578
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (FHA)
Blended Rate: 5.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,725/moAssumable @ 2.88% + gap loan
$6,375/moAssumed loan: $2,110/mo
Gap financing: $4,264/mo
$351less per month with the assumable
Your Savings on This Property
12139 Clay, Westminster · 2.88% FHA vs 6.5% conventional
$351
per month
$4,208
per year
$126,233
over 30 years
$125,129
interest saved
How gap financing works: The equity gap ($610,578) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($56,000, 5% of purchase price) and a second mortgage for the rest ($554,578 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 12139 Clay.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.