Loan Comparison: 7.44% vs 6.5%
500 Denver Avenue, Fort Lupton, CO 80621 · 4bd/4ba · $315,000
List Price
$315,000
Assumable Rate
7.44%
Remaining Balance
$287,390
Equity Gap
$27,610
Loan Type
FHAAdjust Your Scenario
$15,750
$15,750$27,610
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.44% (FHA)
Blended Rate: 7.44%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,891/moAssumable @ 7.44% + gap loan
$2,081/moAssumed loan: $1,998/mo
Gap financing: $83/mo
Your Savings on This Property
500 Denver Avenue, Fort Lupton · 7.44% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($27,610) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,750, 5% of purchase price) and a second mortgage for the rest ($11,860 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 500 Denver Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.