Loan Comparison: 3.54% vs 6.5%
1750 Raritan Street, Denver, CO 80223 · 2bd/1ba · $469,000
List Price
$469,000
Assumable Rate
3.54%
Remaining Balance
$120,088
Equity Gap
$348,912
Loan Type
FHAAdjust Your Scenario
$23,450
$23,450$348,912
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.54% (FHA)
Blended Rate: 6.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,816/moAssumable @ 3.54% + gap loan
$2,818/moAssumed loan: $542/mo
Gap financing: $2,276/mo
Your Savings on This Property
1750 Raritan Street, Denver · 3.54% 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 ($348,912) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,450, 5% of purchase price) and a second mortgage for the rest ($325,462 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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