Loan Comparison: 2.66% vs 6.5%
14574 Andrews Drive, Denver, CO 80239 · 3bd/3ba · $480,000
List Price
$480,000
Assumable Rate
2.66%
Remaining Balance
$159,001
Equity Gap
$320,999
Loan Type
FHAAdjust Your Scenario
$24,000
$24,000$320,999
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.66% (FHA)
Blended Rate: 5.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 2.66% + gap loan
$2,718/moAssumed loan: $642/mo
Gap financing: $2,077/mo
$164less per month with the assumable
Your Savings on This Property
14574 Andrews Drive, Denver · 2.66% FHA vs 6.5% conventional
$164
per month
$1,968
per year
$59,046
over 30 years
$59,046
interest saved
How gap financing works: The equity gap ($320,999) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,000, 5% of purchase price) and a second mortgage for the rest ($296,999 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 14574 Andrews Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.