Loan Comparison: 2.96% vs 6.5%
5354 Granby Street, Denver, CO 80239 · 2bd/2ba · $399,900
List Price
$399,900
Assumable Rate
2.96%
Remaining Balance
$272,133
Equity Gap
$127,766
Loan Type
FHAAdjust Your Scenario
$19,995
$19,995$127,766
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (FHA)
Blended Rate: 4.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,401/moAssumable @ 2.96% + gap loan
$1,895/moAssumed loan: $1,141/mo
Gap financing: $754/mo
$506less per month with the assumable
Your Savings on This Property
5354 Granby Street, Denver · 2.96% FHA vs 6.5% conventional
$506
per month
$6,075
per year
$182,249
over 30 years
$182,248
interest saved
How gap financing works: The equity gap ($127,766) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,995, 5% of purchase price) and a second mortgage for the rest ($107,771 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 5354 Granby Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.