Loan Comparison: 2.87% vs 6.5%
18631 53rd Avenue, Denver, CO 80249 · 3bd/2ba · $425,000
List Price
$425,000
Assumable Rate
2.87%
Remaining Balance
$308,929
Equity Gap
$116,071
Loan Type
FHAAdjust Your Scenario
$21,250
$21,250$116,071
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (FHA)
Blended Rate: 3.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 2.87% + gap loan
$1,944/moAssumed loan: $1,281/mo
Gap financing: $663/mo
$608less per month with the assumable
Your Savings on This Property
18631 53rd Avenue, Denver · 2.87% FHA vs 6.5% conventional
$608
per month
$7,297
per year
$218,907
over 30 years
$218,907
interest saved
How gap financing works: The equity gap ($116,071) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($94,821 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 18631 53rd Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.