Loan Comparison: 4.51% vs 6.5%
5540 Vallejo, Denver, CO 80221 · 3bd/2ba · $440,000
List Price
$440,000
Assumable Rate
4.51%
Remaining Balance
$59,631
Equity Gap
$380,369
Loan Type
FHAAdjust Your Scenario
$22,000
$22,000$380,369
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.51% (FHA)
Blended Rate: 7.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 4.51% + gap loan
$3,058/moAssumed loan: $302/mo
Gap financing: $2,756/mo
Your Savings on This Property
5540 Vallejo, Denver · 4.51% 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 ($380,369) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,000, 5% of purchase price) and a second mortgage for the rest ($358,369 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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