Loan Comparison: 2.9% vs 6.5%
16908 86th Avenue, Arvada, CO 80007 · 4bd/3ba · $775,000
List Price
$775,000
Assumable Rate
2.9%
Remaining Balance
$8,063
Equity Gap
$766,937
Loan Type
FHAAdjust Your Scenario
$38,750
$38,750$766,937
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (FHA)
Blended Rate: 7.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 2.9% + gap loan
$5,125/moAssumed loan: $34/mo
Gap financing: $5,092/mo
Your Savings on This Property
16908 86th Avenue, Arvada · 2.9% 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 ($766,937) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,750, 5% of purchase price) and a second mortgage for the rest ($728,187 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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