Loan Comparison: 4.35% vs 6.5%
9008 Gale Boulevard, Denver, CO 80003 · 3bd/3ba · $315,000
List Price
$315,000
Assumable Rate
4.35%
Remaining Balance
$225,470
Equity Gap
$89,530
Loan Type
FHAAdjust Your Scenario
$15,750
$15,750$89,530
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.35% (FHA)
Blended Rate: 5.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,891/moAssumable @ 4.35% + gap loan
$1,638/moAssumed loan: $1,122/mo
Gap financing: $516/mo
$253less per month with the assumable
Your Savings on This Property
9008 Gale Boulevard, Denver · 4.35% FHA vs 6.5% conventional
$253
per month
$3,038
per year
$91,140
over 30 years
$91,140
interest saved
How gap financing works: The equity gap ($89,530) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,750, 5% of purchase price) and a second mortgage for the rest ($73,780 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 9008 Gale Boulevard.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.