Loan Comparison: 4.4% vs 6.5%
9036 Gale Boulevard, Denver, CO 80260 · 3bd/3ba · $335,000
List Price
$335,000
Assumable Rate
4.4%
Remaining Balance
$111,077
Equity Gap
$223,922
Loan Type
FHAAdjust Your Scenario
$16,750
$16,750$223,922
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.4% (FHA)
Blended Rate: 6.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,012/moAssumable @ 4.4% + gap loan
$2,005/moAssumed loan: $556/mo
Gap financing: $1,449/mo
$7less per month with the assumable
Your Savings on This Property
9036 Gale Boulevard, Denver · 4.4% FHA vs 6.5% conventional
$7
per month
$81
per year
$2,430
over 30 years
$2,429
interest saved
How gap financing works: The equity gap ($223,922) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,750, 5% of purchase price) and a second mortgage for the rest ($207,172 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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