Loan Comparison: 4.53% vs 6.5%
780 85th Avenue, Denver, CO 80229 · 3bd/2ba · $440,000
List Price
$440,000
Assumable Rate
4.53%
Remaining Balance
$266,198
Equity Gap
$173,801
Loan Type
FHAAdjust Your Scenario
$22,000
$22,000$173,801
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.53% (FHA)
Blended Rate: 5.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 4.53% + gap loan
$2,415/moAssumed loan: $1,354/mo
Gap financing: $1,061/mo
$227less per month with the assumable
Your Savings on This Property
780 85th Avenue, Denver · 4.53% FHA vs 6.5% conventional
$227
per month
$2,725
per year
$81,754
over 30 years
$81,753
interest saved
How gap financing works: The equity gap ($173,801) 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 ($151,801 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.
🏠
Back to This Listing
View photos, details, and request a showing for 780 85th Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.