Loan Comparison: 5.07% vs 6.5%
9150 Center Avenue, Denver, CO 80247 · 2bd/2ba · $164,900
List Price
$164,900
Assumable Rate
5.07%
Remaining Balance
$41,605
Equity Gap
$123,295
Loan Type
FHAAdjust Your Scenario
$8,245
$8,245$123,295
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.07% (FHA)
Blended Rate: 6.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$990/moAssumable @ 5.07% + gap loan
$1,030/moAssumed loan: $225/mo
Gap financing: $804/mo
Your Savings on This Property
9150 Center Avenue, Denver · 5.07% 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 ($123,295) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($8,245, 5% of purchase price) and a second mortgage for the rest ($115,050 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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