Loan Comparison: 2.89% vs 6.5%
2251 Coronado Parkway, Denver, CO 80229 · 6bd/3ba · $273,000
List Price
$273,000
Assumable Rate
2.89%
Remaining Balance
$206,956
Equity Gap
$66,043
Loan Type
FHAAdjust Your Scenario
$13,650
$13,650$66,043
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (FHA)
Blended Rate: 3.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,639/moAssumable @ 2.89% + gap loan
$1,227/moAssumed loan: $860/mo
Gap financing: $366/mo
$413less per month with the assumable
Your Savings on This Property
2251 Coronado Parkway, Denver · 2.89% FHA vs 6.5% conventional
$413
per month
$4,951
per year
$148,545
over 30 years
$148,544
interest saved
How gap financing works: The equity gap ($66,043) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,650, 5% of purchase price) and a second mortgage for the rest ($52,393 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 2251 Coronado Parkway.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.