Loan Comparison: 3.44% vs 6.5%
12542 Sandstone, Broomfield, CO 80021 · 2bd/2ba · $690,000
List Price
$690,000
Assumable Rate
3.44%
Remaining Balance
$344,408
Equity Gap
$409,319
Loan Type
FHAAdjust Your Scenario
$34,500
$34,500$409,319
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.44% (FHA)
Blended Rate: 6.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,143/moAssumable @ 3.44% + gap loan
$4,417/moAssumed loan: $1,535/mo
Gap financing: $2,882/mo
Your Savings on This Property
12542 Sandstone, Broomfield · 3.44% 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 ($409,319) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,500, 5% of purchase price) and a second mortgage for the rest ($374,819 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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