Loan Comparison: 3.72% vs 6.5%
16908 86th, Arvada, CO 80007 · 3bd/3ba · $799,900
List Price
$799,900
Assumable Rate
3.72%
Remaining Balance
$356,789
Equity Gap
$443,111
Loan Type
FHAAdjust Your Scenario
$39,995
$39,995$443,111
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (FHA)
Blended Rate: 6.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,803/moAssumable @ 3.72% + gap loan
$4,746/moAssumed loan: $1,646/mo
Gap financing: $3,100/mo
$57less per month with the assumable
Your Savings on This Property
16908 86th, Arvada · 3.72% FHA vs 6.5% conventional
$57
per month
$687
per year
$20,601
over 30 years
$20,601
interest saved
How gap financing works: The equity gap ($443,111) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,995, 5% of purchase price) and a second mortgage for the rest ($403,116 at 8.5%). 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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