Loan Comparison: 3.76% vs 6.5%
2001 Vassar Avenue, Englewood, CO 80110 · 4bd/2ba · $438,000
List Price
$438,000
Assumable Rate
3.76%
Remaining Balance
$338,881
Equity Gap
$99,119
Loan Type
FHAAdjust Your Scenario
$21,900
$21,900$99,119
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (FHA)
Blended Rate: 4.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,630/moAssumable @ 3.76% + gap loan
$2,111/moAssumed loan: $1,571/mo
Gap financing: $540/mo
$519less per month with the assumable
Your Savings on This Property
2001 Vassar Avenue, Englewood · 3.76% FHA vs 6.5% conventional
$519
per month
$6,225
per year
$186,759
over 30 years
$186,759
interest saved
How gap financing works: The equity gap ($99,119) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,900, 5% of purchase price) and a second mortgage for the rest ($77,219 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.
🏠
Back to This Listing
View photos, details, and request a showing for 2001 Vassar Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.