Loan Comparison: 2.87% vs 6.5%
2443 Williams Street, Denver, CO 80210 · 1bd/1ba · $520,000
List Price
$520,000
Assumable Rate
2.87%
Remaining Balance
$425,518
Equity Gap
$94,481
Loan Type
FHAAdjust Your Scenario
$26,000
$26,000$94,481
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (FHA)
Blended Rate: 3.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 2.87% + gap loan
$2,243/moAssumed loan: $1,764/mo
Gap financing: $479/mo
$879less per month with the assumable
Your Savings on This Property
2443 Williams Street, Denver · 2.87% FHA vs 6.5% conventional
$879
per month
$10,551
per year
$316,541
over 30 years
$316,540
interest saved
How gap financing works: The equity gap ($94,481) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($68,481 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 2443 Williams Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.