Loan Comparison: 3.36% vs 6.5%
6889 Xavier, Westminster, CO 80030 · 2bd/2ba · $387,500
List Price
$387,500
Assumable Rate
3.36%
Remaining Balance
$100,147
Equity Gap
$319,306
Loan Type
FHAAdjust Your Scenario
$19,375
$19,375$319,306
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.36% (FHA)
Blended Rate: 7.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,327/moAssumable @ 3.36% + gap loan
$2,748/moAssumed loan: $442/mo
Gap financing: $2,306/mo
Your Savings on This Property
6889 Xavier, Westminster · 3.36% 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 ($319,306) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,375, 5% of purchase price) and a second mortgage for the rest ($299,931 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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