Loan Comparison: 7.76% vs 6.5%
4931 Central Park Boulevard, Denver, CO 80238 · 2bd/1ba · $245,045
List Price
$245,045
Assumable Rate
7.76%
Remaining Balance
$8,800
Equity Gap
$236,245
Loan Type
FHAAdjust Your Scenario
$12,252
$12,252$236,245
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.76% (FHA)
Blended Rate: 7.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,471/moAssumable @ 7.76% + gap loan
$1,629/moAssumed loan: $63/mo
Gap financing: $1,566/mo
Your Savings on This Property
4931 Central Park Boulevard, Denver · 7.76% 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 ($236,245) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,252, 5% of purchase price) and a second mortgage for the rest ($223,993 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 4931 Central Park Boulevard.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.