Loan Comparison: 6.76% vs 6.5%
1052 Lipan Street, Denver, CO 80204 · 5bd/3ba · $495,000
List Price
$495,000
Assumable Rate
6.76%
Remaining Balance
$435,364
Equity Gap
$59,635
Loan Type
FHAAdjust Your Scenario
$24,750
$24,750$59,635
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.76% (FHA)
Blended Rate: 6.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,972/moAssumable @ 6.76% + gap loan
$3,071/moAssumed loan: $2,827/mo
Gap financing: $244/mo
Your Savings on This Property
1052 Lipan Street, Denver · 6.76% 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 ($59,635) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,750, 5% of purchase price) and a second mortgage for the rest ($34,885 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.
🏠
Back to This Listing
View photos, details, and request a showing for 1052 Lipan Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.