Loan Comparison: 4.04% vs 6.5%
11480 Ogden, Northglenn, CO 80233 · 4bd/2ba · $400,000
List Price
$400,000
Assumable Rate
4.04%
Remaining Balance
$212,628
Equity Gap
$233,720
Loan Type
FHAAdjust Your Scenario
$20,000
$20,000$233,720
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.04% (FHA)
Blended Rate: 6.28%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 4.04% + gap loan
$2,663/moAssumed loan: $1,020/mo
Gap financing: $1,643/mo
Your Savings on This Property
11480 Ogden, Northglenn · 4.04% 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 ($233,720) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($213,720 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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