Loan Comparison: 2.15% vs 6.5%
19035 57th Place, Denver, CO 80220 · 1bd/1ba · $329,900
List Price
$329,900
Assumable Rate
2.15%
Remaining Balance
$136,804
Equity Gap
$193,096
Loan Type
FHAAdjust Your Scenario
$16,495
$16,495$193,096
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.15% (FHA)
Blended Rate: 5.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,981/moAssumable @ 2.15% + gap loan
$1,751/moAssumed loan: $516/mo
Gap financing: $1,235/mo
$230less per month with the assumable
Your Savings on This Property
19035 57th Place, Denver · 2.15% FHA vs 6.5% conventional
$230
per month
$2,762
per year
$82,849
over 30 years
$82,849
interest saved
How gap financing works: The equity gap ($193,096) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,495, 5% of purchase price) and a second mortgage for the rest ($176,601 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 19035 57th Place.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.