Loan Comparison: 4.16% vs 6.5%
2911 Princess, Broomfield, CO 80020 · 4bd/4ba · $639,000
List Price
$639,000
Assumable Rate
4.16%
Remaining Balance
$224,606
Equity Gap
$413,054
Loan Type
FHAAdjust Your Scenario
$31,950
$31,950$413,054
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.16% (FHA)
Blended Rate: 6.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,837/moAssumable @ 4.16% + gap loan
$4,023/moAssumed loan: $1,093/mo
Gap financing: $2,930/mo
Your Savings on This Property
2911 Princess, Broomfield · 4.16% 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 ($413,054) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,950, 5% of purchase price) and a second mortgage for the rest ($381,104 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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