Loan Comparison: 5.89% vs 6.5%
2625 Hazel Court, Denver, CO 80219 · 4bd/4ba · $358,000
List Price
$358,000
Assumable Rate
5.89%
Remaining Balance
$321,149
Equity Gap
$36,851
Loan Type
FHAAdjust Your Scenario
$17,900
$17,900$36,851
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.89% (FHA)
Blended Rate: 5.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,150/moAssumable @ 5.89% + gap loan
$2,035/moAssumed loan: $1,903/mo
Gap financing: $133/mo
$114less per month with the assumable
Your Savings on This Property
2625 Hazel Court, Denver · 5.89% FHA vs 6.5% conventional
$114
per month
$1,372
per year
$41,169
over 30 years
$41,169
interest saved
How gap financing works: The equity gap ($36,851) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,900, 5% of purchase price) and a second mortgage for the rest ($18,951 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 2625 Hazel Court.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.