Loan Comparison: 3.92% vs 6.5%
1519 Alaska, Denver, CO 80223 · 3bd/1ba · $325,000
List Price
$325,000
Assumable Rate
3.92%
Remaining Balance
$212,789
Equity Gap
$109,174
Loan Type
FHAAdjust Your Scenario
$16,250
$16,250$109,174
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.92% (FHA)
Blended Rate: 5.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,952/moAssumable @ 3.92% + gap loan
$1,721/moAssumed loan: $1,006/mo
Gap financing: $715/mo
$231less per month with the assumable
Your Savings on This Property
1519 Alaska, Denver · 3.92% FHA vs 6.5% conventional
$231
per month
$2,771
per year
$83,127
over 30 years
$80,090
interest saved
How gap financing works: The equity gap ($109,174) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,250, 5% of purchase price) and a second mortgage for the rest ($92,924 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.
🏠
Back to This Listing
View photos, details, and request a showing for 1519 Alaska.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.