Loan Comparison: 3.65% vs 6.5%
1814 102nd Avenue, Denver, CO 80260 · 4bd/2ba · $325,000
List Price
$325,000
Assumable Rate
3.65%
Remaining Balance
$252,813
Equity Gap
$72,186
Loan Type
FHAAdjust Your Scenario
$16,250
$16,250$72,186
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.65% (FHA)
Blended Rate: 4.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,952/moAssumable @ 3.65% + gap loan
$1,548/moAssumed loan: $1,157/mo
Gap financing: $391/mo
$404less per month with the assumable
Your Savings on This Property
1814 102nd Avenue, Denver · 3.65% FHA vs 6.5% conventional
$404
per month
$4,847
per year
$145,397
over 30 years
$145,396
interest saved
How gap financing works: The equity gap ($72,186) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,250, 5% of purchase price) and a second mortgage for the rest ($55,936 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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