Loan Comparison: 4.05% vs 6.5%
7101 Yale Avenue, Denver, CO 80227 · 5bd/1ba · $399,990
List Price
$399,990
Assumable Rate
4.05%
Remaining Balance
$203,456
Equity Gap
$196,533
Loan Type
FHAAdjust Your Scenario
$20,000
$20,000$196,533
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.05% (FHA)
Blended Rate: 5.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 4.05% + gap loan
$2,212/moAssumed loan: $977/mo
Gap financing: $1,234/mo
$190less per month with the assumable
Your Savings on This Property
7101 Yale Avenue, Denver · 4.05% FHA vs 6.5% conventional
$190
per month
$2,283
per year
$68,490
over 30 years
$68,489
interest saved
How gap financing works: The equity gap ($196,533) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($176,533 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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