Loan Comparison: 4.35% vs 6.5%
5115 Pasadena, Broomfield, CO 80023 · 3bd/3ba · $565,000
List Price
$565,000
Assumable Rate
4.35%
Remaining Balance
$328,702
Equity Gap
$236,298
Loan Type
FHAAdjust Your Scenario
$28,250
$28,250$236,298
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.35% (FHA)
Blended Rate: 5.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 4.35% + gap loan
$3,236/moAssumed loan: $1,636/mo
Gap financing: $1,600/mo
$157less per month with the assumable
Your Savings on This Property
5115 Pasadena, Broomfield · 4.35% FHA vs 6.5% conventional
$157
per month
$1,879
per year
$56,376
over 30 years
$56,376
interest saved
How gap financing works: The equity gap ($236,298) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($208,048 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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