Loan Comparison: 4.88% vs 6.5%
441 Acoma, Denver, CO 80204 · 0bd/0ba · $1,395,000
List Price
$1,395,000
Assumable Rate
4.88%
Remaining Balance
$263,527
Equity Gap
$1,131,472
Loan Type
FHAAdjust Your Scenario
$69,750
$69,750$1,131,472
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.88% (FHA)
Blended Rate: 7.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,376/moAssumable @ 4.88% + gap loan
$9,559/moAssumed loan: $1,395/mo
Gap financing: $8,164/mo
Your Savings on This Property
441 Acoma, Denver · 4.88% 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 ($1,131,472) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($69,750, 5% of purchase price) and a second mortgage for the rest ($1,061,722 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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