Loan Comparison: 3.77% vs 6.5%
4330 Adams Street, Denver, CO 80216 · 3bd/2ba · $375,000
List Price
$375,000
Assumable Rate
3.77%
Remaining Balance
$151,736
Equity Gap
$223,263
Loan Type
FHAAdjust Your Scenario
$18,750
$18,750$223,263
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (FHA)
Blended Rate: 5.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,252/moAssumable @ 3.77% + gap loan
$2,134/moAssumed loan: $704/mo
Gap financing: $1,430/mo
$117less per month with the assumable
Your Savings on This Property
4330 Adams Street, Denver · 3.77% FHA vs 6.5% conventional
$117
per month
$1,408
per year
$42,236
over 30 years
$42,235
interest saved
How gap financing works: The equity gap ($223,263) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,750, 5% of purchase price) and a second mortgage for the rest ($204,513 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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