Loan Comparison: 4.14% vs 6.5%
14561 46th Avenue, Denver, CO 80239 · 2bd/2ba · $410,000
List Price
$410,000
Assumable Rate
4.14%
Remaining Balance
$207,128
Equity Gap
$202,872
Loan Type
FHAAdjust Your Scenario
$20,500
$20,500$202,872
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.14% (FHA)
Blended Rate: 5.71%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,462/moAssumable @ 4.14% + gap loan
$2,281/moAssumed loan: $1,006/mo
Gap financing: $1,275/mo
$181less per month with the assumable
Your Savings on This Property
14561 46th Avenue, Denver · 4.14% FHA vs 6.5% conventional
$181
per month
$2,173
per year
$65,190
over 30 years
$65,190
interest saved
How gap financing works: The equity gap ($202,872) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,500, 5% of purchase price) and a second mortgage for the rest ($182,372 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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