Loan Comparison: 3.72% vs 6.5%
3305 Evans, Denver, CO 80219 · 3bd/1ba · $385,000
List Price
$385,000
Assumable Rate
3.72%
Remaining Balance
$221,571
Equity Gap
$163,428
Loan Type
FHAAdjust Your Scenario
$19,250
$19,250$163,428
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (FHA)
Blended Rate: 5.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,312/moAssumable @ 3.72% + gap loan
$2,131/moAssumed loan: $1,022/mo
Gap financing: $1,109/mo
$181less per month with the assumable
Your Savings on This Property
3305 Evans, Denver · 3.72% FHA vs 6.5% conventional
$181
per month
$2,170
per year
$65,096
over 30 years
$65,095
interest saved
How gap financing works: The equity gap ($163,428) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,250, 5% of purchase price) and a second mortgage for the rest ($144,178 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 3305 Evans.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.