Loan Comparison: 4.43% vs 6.5%
8023 Wolff, Westminster, CO 80031 · 2bd/2ba · $245,000
List Price
$245,000
Assumable Rate
4.43%
Remaining Balance
$39,300
Equity Gap
$205,537
Loan Type
FHAAdjust Your Scenario
$12,250
$12,250$205,537
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.43% (FHA)
Blended Rate: 7.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,471/moAssumable @ 4.43% + gap loan
$1,684/moAssumed loan: $197/mo
Gap financing: $1,486/mo
Your Savings on This Property
8023 Wolff, Westminster · 4.43% 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 ($205,537) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,250, 5% of purchase price) and a second mortgage for the rest ($193,287 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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