Loan Comparison: 4.47% vs 6.5%
460 Marion, Denver, CO 80209 · 2bd/2ba · $450,000
List Price
$450,000
Assumable Rate
4.47%
Remaining Balance
$78,145
Equity Gap
$371,855
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$371,855
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.47% (FHA)
Blended Rate: 7.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 4.47% + gap loan
$3,081/moAssumed loan: $395/mo
Gap financing: $2,686/mo
Your Savings on This Property
460 Marion, Denver · 4.47% 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 ($371,855) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($349,355 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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