Loan Comparison: 5.5% vs 6.5%
8199 Welby Road, Denver, CO 80229 · 1bd/1ba · $325,000
List Price
$325,000
Assumable Rate
5.5%
Remaining Balance
$54,483
Equity Gap
$270,517
Loan Type
FHAAdjust Your Scenario
$16,250
$16,250$270,517
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.5% (FHA)
Blended Rate: 7.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,952/moAssumable @ 5.5% + gap loan
$2,087/moAssumed loan: $309/mo
Gap financing: $1,778/mo
Your Savings on This Property
8199 Welby Road, Denver · 5.5% 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 ($270,517) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,250, 5% of purchase price) and a second mortgage for the rest ($254,267 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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