Loan Comparison: 4.34% vs 6.5%
2041 Samuel Drive, Denver, CO 80221 · 2bd/2ba · $450,000
List Price
$450,000
Assumable Rate
4.34%
Remaining Balance
$134,086
Equity Gap
$315,913
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$315,913
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.34% (FHA)
Blended Rate: 6.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 4.34% + gap loan
$2,718/moAssumed loan: $667/mo
Gap financing: $2,052/mo
Your Savings on This Property
2041 Samuel Drive, Denver · 4.34% 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 ($315,913) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($293,413 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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