Loan Comparison: 5.79% vs 6.5%
35 Ammons Street, Denver, CO 80226 · 3bd/2ba · $924,000
List Price
$924,000
Assumable Rate
5.79%
Remaining Balance
$93,895
Equity Gap
$830,104
Loan Type
FHAAdjust Your Scenario
$46,200
$46,200$830,104
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.79% (FHA)
Blended Rate: 7.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,548/moAssumable @ 5.79% + gap loan
$6,032/moAssumed loan: $550/mo
Gap financing: $5,481/mo
Your Savings on This Property
35 Ammons Street, Denver · 5.79% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($830,104) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,200, 5% of purchase price) and a second mortgage for the rest ($783,904 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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