Loan Comparison: 3.62% vs 6.5%
2083 Xenia Way, Denver, CO 80231 · 2bd/2ba · $388,800
List Price
$388,800
Assumable Rate
3.62%
Remaining Balance
$289,833
Equity Gap
$98,966
Loan Type
FHAAdjust Your Scenario
$19,440
$19,440$98,966
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (FHA)
Blended Rate: 4.46%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,335/moAssumable @ 3.62% + gap loan
$1,877/moAssumed loan: $1,321/mo
Gap financing: $556/mo
$458less per month with the assumable
Your Savings on This Property
2083 Xenia Way, Denver · 3.62% FHA vs 6.5% conventional
$458
per month
$5,491
per year
$164,728
over 30 years
$164,727
interest saved
How gap financing works: The equity gap ($98,966) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,440, 5% of purchase price) and a second mortgage for the rest ($79,526 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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