Loan Comparison: 2.9% vs 6.5%
5562 Flanders, Denver, CO 80249 · 4bd/3ba · $480,000
List Price
$480,000
Assumable Rate
2.9%
Remaining Balance
$380,693
Equity Gap
$99,307
Loan Type
FHAAdjust Your Scenario
$24,000
$24,000$99,307
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (FHA)
Blended Rate: 3.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 2.9% + gap loan
$2,164/moAssumed loan: $1,585/mo
Gap financing: $579/mo
$719less per month with the assumable
Your Savings on This Property
5562 Flanders, Denver · 2.9% FHA vs 6.5% conventional
$719
per month
$8,624
per year
$258,705
over 30 years
$258,705
interest saved
How gap financing works: The equity gap ($99,307) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,000, 5% of purchase price) and a second mortgage for the rest ($75,307 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 5562 Flanders.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.