Loan Comparison: 4.37% vs 6.5%
4550 Flanders Way, Denver, CO 80249 · 2bd/3ba · $469,000
List Price
$469,000
Assumable Rate
4.37%
Remaining Balance
$64,973
Equity Gap
$404,026
Loan Type
FHAAdjust Your Scenario
$23,450
$23,450$404,026
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.37% (FHA)
Blended Rate: 7.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,816/moAssumable @ 4.37% + gap loan
$2,985/moAssumed loan: $324/mo
Gap financing: $2,661/mo
Your Savings on This Property
4550 Flanders Way, Denver · 4.37% 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 ($404,026) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,450, 5% of purchase price) and a second mortgage for the rest ($380,576 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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