Loan Comparison: 6.32% vs 6.5%
7667 Monaco Circle, Englewood, CO 80112 · 3bd/2ba · $399,999
List Price
$399,999
Assumable Rate
6.32%
Remaining Balance
$14,967
Equity Gap
$385,032
Loan Type
FHAAdjust Your Scenario
$20,000
$20,000$385,032
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.32% (FHA)
Blended Rate: 7.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 6.32% + gap loan
$2,645/moAssumed loan: $93/mo
Gap financing: $2,552/mo
Your Savings on This Property
7667 Monaco Circle, Englewood · 6.32% 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 ($385,032) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($365,032 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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