Loan Comparison: 7.23% vs 6.5%
7256 Xenia Circle, Centennial, CO 80112 · 2bd/2ba · $249,900
List Price
$249,900
Assumable Rate
7.23%
Remaining Balance
$213,306
Equity Gap
$36,594
Loan Type
FHAAdjust Your Scenario
$12,495
$12,495$36,594
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.23% (FHA)
Blended Rate: 7.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,501/moAssumable @ 7.23% + gap loan
$1,621/moAssumed loan: $1,452/mo
Gap financing: $169/mo
Your Savings on This Property
7256 Xenia Circle, Centennial · 7.23% 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 ($36,594) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,495, 5% of purchase price) and a second mortgage for the rest ($24,099 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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