Loan Comparison: 4.75% vs 6.5%
5125 109th, Westminster, CO 80031 · 6bd/4ba · $850,000
List Price
$850,000
Assumable Rate
4.75%
Remaining Balance
$654,213
Equity Gap
$196,829
Loan Type
FHAAdjust Your Scenario
$42,500
$42,500$196,829
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.75% (FHA)
Blended Rate: 5.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,104/moAssumable @ 4.75% + gap loan
$4,599/moAssumed loan: $3,413/mo
Gap financing: $1,187/mo
$505less per month with the assumable
Your Savings on This Property
5125 109th, Westminster · 4.75% FHA vs 6.5% conventional
$505
per month
$6,055
per year
$181,659
over 30 years
$182,701
interest saved
How gap financing works: The equity gap ($196,829) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,500, 5% of purchase price) and a second mortgage for the rest ($154,329 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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