Loan Comparison: 6.5% vs 6.5%
5040 Uvalda Street, Denver, CO 80239 · 2bd/2ba · $430,000
List Price
$430,000
Assumable Rate
6.5%
Remaining Balance
$194,135
Equity Gap
$235,865
Loan Type
FHAAdjust Your Scenario
$21,500
$21,500$235,865
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (FHA)
Blended Rate: 7.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 6.5% + gap loan
$2,726/moAssumed loan: $1,227/mo
Gap financing: $1,499/mo
Your Savings on This Property
5040 Uvalda Street, 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 ($235,865) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($214,365 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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