Loan Comparison: 3.8% vs 6.5%
11518 Community Center, Northglenn, CO 80233 · 3bd/3ba · $335,000
List Price
$335,000
Assumable Rate
3.8%
Remaining Balance
$162,525
Equity Gap
$247,110
Loan Type
FHAAdjust Your Scenario
$16,750
$16,750$247,110
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.8% (FHA)
Blended Rate: 6.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,012/moAssumable @ 3.8% + gap loan
$2,529/moAssumed loan: $757/mo
Gap financing: $1,771/mo
Your Savings on This Property
11518 Community Center, Northglenn · 3.8% 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 ($247,110) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,750, 5% of purchase price) and a second mortgage for the rest ($230,360 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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