Loan Comparison: 4.95% vs 6.5%
4131 Snowbird, Broomfield, CO 80020 · 4bd/4ba · $685,000
List Price
$685,000
Assumable Rate
4.95%
Remaining Balance
$172,251
Equity Gap
$512,749
Loan Type
FHAAdjust Your Scenario
$34,250
$34,250$512,749
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.95% (FHA)
Blended Rate: 7.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,113/moAssumable @ 4.95% + gap loan
$4,599/moAssumed loan: $919/mo
Gap financing: $3,679/mo
Your Savings on This Property
4131 Snowbird, Broomfield · 4.95% 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 ($512,749) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,250, 5% of purchase price) and a second mortgage for the rest ($478,499 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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