Loan Comparison: 3.72% vs 6.5%
9045 Prairie Meadow Drive, Denver, CO 80238 · 5bd/3ba · $799,990
List Price
$799,990
Assumable Rate
3.72%
Remaining Balance
$365,328
Equity Gap
$434,661
Loan Type
FHAAdjust Your Scenario
$40,000
$40,000$434,661
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (FHA)
Blended Rate: 5.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,804/moAssumable @ 3.72% + gap loan
$4,445/moAssumed loan: $1,686/mo
Gap financing: $2,760/mo
$358less per month with the assumable
Your Savings on This Property
9045 Prairie Meadow Drive, Denver · 3.72% FHA vs 6.5% conventional
$358
per month
$4,301
per year
$129,043
over 30 years
$129,041
interest saved
How gap financing works: The equity gap ($434,661) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($40,000, 5% of purchase price) and a second mortgage for the rest ($394,661 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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