Loan Comparison: 2.9% vs 6.5%
5562 Flanders, Denver, CO 80249 · 4bd/3ba · $470,000
List Price
$470,000
Assumable Rate
2.9%
Remaining Balance
$379,862
Equity Gap
$87,653
Loan Type
FHAAdjust Your Scenario
$23,500
$23,500$87,653
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (FHA)
Blended Rate: 3.71%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,822/moAssumable @ 2.9% + gap loan
$2,074/moAssumed loan: $1,581/mo
Gap financing: $493/mo
$748less per month with the assumable
Your Savings on This Property
5562 Flanders, Denver · 2.9% FHA vs 6.5% conventional
$748
per month
$8,974
per year
$269,209
over 30 years
$266,724
interest saved
How gap financing works: The equity gap ($87,653) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,500, 5% of purchase price) and a second mortgage for the rest ($64,153 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.