Loan Comparison: 4.35% vs 6.5%
5115 Pasadena, Broomfield, CO 80023 · 3bd/3ba · $549,000
List Price
$549,000
Assumable Rate
4.35%
Remaining Balance
$325,792
Equity Gap
$223,208
Loan Type
FHAAdjust Your Scenario
$27,450
$27,450$223,208
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.35% (FHA)
Blended Rate: 5.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,297/moAssumable @ 4.35% + gap loan
$3,127/moAssumed loan: $1,622/mo
Gap financing: $1,505/mo
$170less per month with the assumable
Your Savings on This Property
5115 Pasadena, Broomfield · 4.35% FHA vs 6.5% conventional
$170
per month
$2,034
per year
$61,024
over 30 years
$61,024
interest saved
How gap financing works: The equity gap ($223,208) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,450, 5% of purchase price) and a second mortgage for the rest ($195,758 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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