Loan Comparison: 3.76% vs 6.5%
4776 Federal Boulevard, Denver, CO 80211 · 6bd/2ba · $650,000
List Price
$650,000
Assumable Rate
3.76%
Remaining Balance
$553,737
Equity Gap
$96,263
Loan Type
FHAAdjust Your Scenario
$32,500
$32,500$96,263
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (FHA)
Blended Rate: 4.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 3.76% + gap loan
$3,013/moAssumed loan: $2,568/mo
Gap financing: $446/mo
$890less per month with the assumable
Your Savings on This Property
4776 Federal Boulevard, Denver · 3.76% FHA vs 6.5% conventional
$890
per month
$10,675
per year
$320,254
over 30 years
$320,254
interest saved
How gap financing works: The equity gap ($96,263) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($63,763 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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