Loan Comparison: 6.89% vs 6.5%
14742 Randolph Place, Denver, CO 80239 · 2bd/3ba · $445,000
List Price
$445,000
Assumable Rate
6.89%
Remaining Balance
$112,084
Equity Gap
$332,916
Loan Type
FHAAdjust Your Scenario
$22,250
$22,250$332,916
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.89% (FHA)
Blended Rate: 7.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 6.89% + gap loan
$2,910/moAssumed loan: $737/mo
Gap financing: $2,172/mo
Your Savings on This Property
14742 Randolph Place, Denver · 6.89% 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 ($332,916) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($310,666 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 14742 Randolph Place.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.