Loan Comparison: 3.76% vs 6.5%
11832 Zenobia, Westminster, CO 80031 · 3bd/3ba · $515,000
List Price
$515,000
Assumable Rate
3.76%
Remaining Balance
$476,220
Equity Gap
$38,780
Loan Type
FHAAdjust Your Scenario
$25,750
$25,750$38,780
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (FHA)
Blended Rate: 3.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 3.76% + gap loan
$2,308/moAssumed loan: $2,208/mo
Gap financing: $100/mo
$784less per month with the assumable
Your Savings on This Property
11832 Zenobia, Westminster · 3.76% FHA vs 6.5% conventional
$784
per month
$9,409
per year
$282,258
over 30 years
$282,258
interest saved
How gap financing works: The equity gap ($38,780) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($13,030 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 11832 Zenobia.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.