Loan Comparison: 6.64% vs 6.5%
5774 Jebel Way, Centennial, CO 80015 · 3bd/3ba · $520,000
List Price
$520,000
Assumable Rate
6.64%
Remaining Balance
$485,036
Equity Gap
$34,964
Loan Type
FHAAdjust Your Scenario
$26,000
$26,000$34,964
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.64% (FHA)
Blended Rate: 6.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 6.64% + gap loan
$3,173/moAssumed loan: $3,111/mo
Gap financing: $63/mo
Your Savings on This Property
5774 Jebel Way, Centennial · 6.64% 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 ($34,964) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($8,964 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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