Loan Comparison: 5.97% vs 6.5%
8458 Jason Court, Denver, CO 80260 · 5bd/4ba · $440,000
List Price
$440,000
Assumable Rate
5.97%
Remaining Balance
$87,528
Equity Gap
$352,471
Loan Type
FHAAdjust Your Scenario
$22,000
$22,000$352,471
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.97% (FHA)
Blended Rate: 7.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 5.97% + gap loan
$2,834/moAssumed loan: $523/mo
Gap financing: $2,311/mo
Your Savings on This Property
8458 Jason Court, Denver · 5.97% 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 ($352,471) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,000, 5% of purchase price) and a second mortgage for the rest ($330,471 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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