Loan Comparison: 4.44% vs 6.5%
7100 Zuni Street, Denver, CO 80221 · 5bd/2ba · $400,000
List Price
$400,000
Assumable Rate
4.44%
Remaining Balance
$273,179
Equity Gap
$126,820
Loan Type
FHAAdjust Your Scenario
$20,000
$20,000$126,820
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.44% (FHA)
Blended Rate: 5.30%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 4.44% + gap loan
$2,121/moAssumed loan: $1,374/mo
Gap financing: $747/mo
$281less per month with the assumable
Your Savings on This Property
7100 Zuni Street, Denver · 4.44% FHA vs 6.5% conventional
$281
per month
$3,366
per year
$100,988
over 30 years
$100,987
interest saved
How gap financing works: The equity gap ($126,820) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($106,820 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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