Loan Comparison: 3.92% vs 6.5%
9155 Center Avenue, Denver, CO 80247 · 1bd/1ba · $189,900
List Price
$189,900
Assumable Rate
3.92%
Remaining Balance
$104,328
Equity Gap
$85,572
Loan Type
FHAAdjust Your Scenario
$9,495
$9,495$85,572
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.92% (FHA)
Blended Rate: 5.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,140/moAssumable @ 3.92% + gap loan
$1,025/moAssumed loan: $493/mo
Gap financing: $532/mo
$115less per month with the assumable
Your Savings on This Property
9155 Center Avenue, Denver · 3.92% FHA vs 6.5% conventional
$115
per month
$1,381
per year
$41,423
over 30 years
$41,423
interest saved
How gap financing works: The equity gap ($85,572) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($9,495, 5% of purchase price) and a second mortgage for the rest ($76,077 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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