Loan Comparison: 6.78% vs 6.5%
14585 91st Avenue, Arvada, CO 80005 · 3bd/3ba · $459,900
List Price
$459,900
Assumable Rate
6.78%
Remaining Balance
$429,363
Equity Gap
$30,536
Loan Type
FHAAdjust Your Scenario
$22,995
$22,995$30,536
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.78% (FHA)
Blended Rate: 6.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,762/moAssumable @ 6.78% + gap loan
$2,846/moAssumed loan: $2,793/mo
Gap financing: $53/mo
Your Savings on This Property
14585 91st Avenue, Arvada · 6.78% 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 ($30,536) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,995, 5% of purchase price) and a second mortgage for the rest ($7,541 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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