Loan Comparison: 6.64% vs 6.5%
18639 50th Place, Denver, CO 80249 · 4bd/3ba · $409,000
List Price
$409,000
Assumable Rate
6.64%
Remaining Balance
$136,343
Equity Gap
$272,656
Loan Type
FHAAdjust Your Scenario
$20,450
$20,450$272,656
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.64% (FHA)
Blended Rate: 7.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,456/moAssumable @ 6.64% + gap loan
$2,638/moAssumed loan: $874/mo
Gap financing: $1,763/mo
Your Savings on This Property
18639 50th Place, Denver · 6.64% 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 ($272,656) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,450, 5% of purchase price) and a second mortgage for the rest ($252,206 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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