Loan Comparison: 4.46% vs 6.5%
7680 Depew, Arvada, CO 80003 · 2bd/1ba · $312,500
List Price
$312,500
Assumable Rate
4.46%
Remaining Balance
$83,174
Equity Gap
$229,325
Loan Type
FHAAdjust Your Scenario
$15,625
$15,625$229,325
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.46% (FHA)
Blended Rate: 7.37%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,876/moAssumable @ 4.46% + gap loan
$2,063/moAssumed loan: $419/mo
Gap financing: $1,643/mo
Your Savings on This Property
7680 Depew, Arvada · 4.46% 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 ($229,325) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,625, 5% of purchase price) and a second mortgage for the rest ($213,700 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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