Loan Comparison: 4.05% vs 6.5%
9461 47th Avenue, Wheat Ridge, CO 80033 · 2bd/2ba · $449,999
List Price
$449,999
Assumable Rate
4.05%
Remaining Balance
$227,293
Equity Gap
$222,706
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$222,706
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.05% (FHA)
Blended Rate: 5.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 4.05% + gap loan
$2,492/moAssumed loan: $1,092/mo
Gap financing: $1,400/mo
$211less per month with the assumable
Your Savings on This Property
9461 47th Avenue, Wheat Ridge · 4.05% FHA vs 6.5% conventional
$211
per month
$2,526
per year
$75,788
over 30 years
$75,788
interest saved
How gap financing works: The equity gap ($222,706) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($200,206 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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