Loan Comparison: 4.01% vs 6.5%
3290 Lowell Boulevard, Denver, CO 80236 · 4bd/3ba · $625,000
List Price
$625,000
Assumable Rate
4.01%
Remaining Balance
$295,474
Equity Gap
$329,526
Loan Type
FHAAdjust Your Scenario
$31,250
$31,250$329,526
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.01% (FHA)
Blended Rate: 5.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,753/moAssumable @ 4.01% + gap loan
$3,498/moAssumed loan: $1,412/mo
Gap financing: $2,086/mo
$255less per month with the assumable
Your Savings on This Property
3290 Lowell Boulevard, Denver · 4.01% FHA vs 6.5% conventional
$255
per month
$3,060
per year
$91,790
over 30 years
$91,790
interest saved
How gap financing works: The equity gap ($329,526) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,250, 5% of purchase price) and a second mortgage for the rest ($298,276 at 7.5%). 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.
🏠
Back to This Listing
View photos, details, and request a showing for 3290 Lowell Boulevard.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.