Loan Comparison: 6.44% vs 6.5%
6396 Emporia Circle, Englewood, CO 80111 · 3bd/3ba · $775,000
List Price
$775,000
Assumable Rate
6.44%
Remaining Balance
$725,973
Equity Gap
$49,026
Loan Type
FHAAdjust Your Scenario
$38,750
$38,750$49,026
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.44% (FHA)
Blended Rate: 6.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 6.44% + gap loan
$4,632/moAssumed loan: $4,560/mo
Gap financing: $72/mo
$22less per month with the assumable
Your Savings on This Property
6396 Emporia Circle, Englewood · 6.44% FHA vs 6.5% conventional
$22
per month
$261
per year
$7,817
over 30 years
$7,816
interest saved
How gap financing works: The equity gap ($49,026) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,750, 5% of purchase price) and a second mortgage for the rest ($10,276 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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