Loan Comparison: 2.84% vs 6.5%
18261 47th Drive, Denver, CO 80249 · 3bd/3ba · $499,000
List Price
$499,000
Assumable Rate
2.84%
Remaining Balance
$403,636
Equity Gap
$95,363
Loan Type
FHAAdjust Your Scenario
$24,950
$24,950$95,363
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (FHA)
Blended Rate: 3.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,996/moAssumable @ 2.84% + gap loan
$2,159/moAssumed loan: $1,667/mo
Gap financing: $492/mo
$837less per month with the assumable
Your Savings on This Property
18261 47th Drive, Denver · 2.84% FHA vs 6.5% conventional
$837
per month
$10,042
per year
$301,272
over 30 years
$301,271
interest saved
How gap financing works: The equity gap ($95,363) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,950, 5% of purchase price) and a second mortgage for the rest ($70,413 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 18261 47th Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.