Loan Comparison: 6.09% vs 6.5%
4126 Dale Court, Englewood, CO 80110 · 5bd/5ba · $545,000
List Price
$545,000
Assumable Rate
6.09%
Remaining Balance
$481,520
Equity Gap
$63,479
Loan Type
FHAAdjust Your Scenario
$27,250
$27,250$63,479
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.09% (FHA)
Blended Rate: 6.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,273/moAssumable @ 6.09% + gap loan
$3,168/moAssumed loan: $2,915/mo
Gap financing: $253/mo
$104less per month with the assumable
Your Savings on This Property
4126 Dale Court, Englewood · 6.09% FHA vs 6.5% conventional
$104
per month
$1,252
per year
$37,561
over 30 years
$37,560
interest saved
How gap financing works: The equity gap ($63,479) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,250, 5% of purchase price) and a second mortgage for the rest ($36,229 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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