Loan Comparison: 3.77% vs 6.5%
1808 Cedar, Broomfield, CO 80020 · 3bd/2ba · $485,000
List Price
$485,000
Assumable Rate
3.77%
Remaining Balance
$205,557
Equity Gap
$280,054
Loan Type
FHAAdjust Your Scenario
$24,250
$24,250$280,054
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (FHA)
Blended Rate: 6.39%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 3.77% + gap loan
$2,921/moAssumed loan: $954/mo
Gap financing: $1,967/mo
Your Savings on This Property
1808 Cedar, Broomfield · 3.77% 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 ($280,054) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,250, 5% of purchase price) and a second mortgage for the rest ($255,804 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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