Loan Comparison: 6.5% vs 6.5%
1235 Monaco Street Parkway, Denver, CO 80224 · 1bd/1ba · $355,000
List Price
$355,000
Assumable Rate
6.5%
Remaining Balance
$298,688
Equity Gap
$56,311
Loan Type
FHAAdjust Your Scenario
$17,750
$17,750$56,311
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (FHA)
Blended Rate: 6.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,132/moAssumable @ 6.5% + gap loan
$2,158/moAssumed loan: $1,888/mo
Gap financing: $270/mo
Your Savings on This Property
1235 Monaco Street Parkway, Denver · 6.5% 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 ($56,311) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,750, 5% of purchase price) and a second mortgage for the rest ($38,561 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 1235 Monaco Street Parkway.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.