Loan Comparison: 4.49% vs 6.5%
555 Lincoln Street, Denver, CO 80209 · 2bd/1ba · $650,000
List Price
$650,000
Assumable Rate
4.49%
Remaining Balance
$180,339
Equity Gap
$469,661
Loan Type
FHAAdjust Your Scenario
$32,500
$32,500$469,661
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.49% (FHA)
Blended Rate: 6.62%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 4.49% + gap loan
$3,969/moAssumed loan: $913/mo
Gap financing: $3,057/mo
Your Savings on This Property
555 Lincoln Street, Denver · 4.49% 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 ($469,661) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($437,161 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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