Loan Comparison: 3.29% vs 6.5%
1811 Quebec Way, Denver, CO 80231 · 3bd/2ba · $314,999
List Price
$314,999
Assumable Rate
3.29%
Remaining Balance
$182,066
Equity Gap
$132,932
Loan Type
FHAAdjust Your Scenario
$15,750
$15,750$132,932
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.29% (FHA)
Blended Rate: 4.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,891/moAssumable @ 3.29% + gap loan
$1,616/moAssumed loan: $796/mo
Gap financing: $819/mo
$276less per month with the assumable
Your Savings on This Property
1811 Quebec Way, Denver · 3.29% FHA vs 6.5% conventional
$276
per month
$3,309
per year
$99,266
over 30 years
$99,265
interest saved
How gap financing works: The equity gap ($132,932) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,750, 5% of purchase price) and a second mortgage for the rest ($117,182 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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