Loan Comparison: 2.68% vs 6.5%
4893 Halifax Court, Denver, CO 80249 · 3bd/2ba · $425,000
List Price
$425,000
Assumable Rate
2.68%
Remaining Balance
$330,591
Equity Gap
$94,408
Loan Type
FHAAdjust Your Scenario
$21,250
$21,250$94,408
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (FHA)
Blended Rate: 3.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 2.68% + gap loan
$1,849/moAssumed loan: $1,337/mo
Gap financing: $512/mo
$703less per month with the assumable
Your Savings on This Property
4893 Halifax Court, Denver · 2.68% FHA vs 6.5% conventional
$703
per month
$8,437
per year
$253,102
over 30 years
$253,101
interest saved
How gap financing works: The equity gap ($94,408) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($73,158 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.
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