Loan Comparison: 4.47% vs 6.5%
9271 Grove, Westminster, CO 80031 · 3bd/2ba · $473,000
List Price
$473,000
Assumable Rate
4.47%
Remaining Balance
$279,376
Equity Gap
$193,624
Loan Type
FHAAdjust Your Scenario
$23,650
$23,650$193,624
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.47% (FHA)
Blended Rate: 5.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,840/moAssumable @ 4.47% + gap loan
$2,718/moAssumed loan: $1,411/mo
Gap financing: $1,307/mo
$123less per month with the assumable
Your Savings on This Property
9271 Grove, Westminster · 4.47% FHA vs 6.5% conventional
$123
per month
$1,472
per year
$44,159
over 30 years
$44,159
interest saved
How gap financing works: The equity gap ($193,624) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,650, 5% of purchase price) and a second mortgage for the rest ($169,974 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 9271 Grove.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.