Loan Comparison: 4.75% vs 6.5%
5125 109th, Westminster, CO 80031 · 6bd/4ba · $820,000
List Price
$820,000
Assumable Rate
4.75%
Remaining Balance
$651,073
Equity Gap
$166,829
Loan Type
FHAAdjust Your Scenario
$41,000
$41,000$166,829
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.75% (FHA)
Blended Rate: 5.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,924/moAssumable @ 4.75% + gap loan
$4,364/moAssumed loan: $3,396/mo
Gap financing: $968/mo
$560less per month with the assumable
Your Savings on This Property
5125 109th, Westminster · 4.75% FHA vs 6.5% conventional
$560
per month
$6,720
per year
$201,596
over 30 years
$199,498
interest saved
How gap financing works: The equity gap ($166,829) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,000, 5% of purchase price) and a second mortgage for the rest ($125,829 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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