Loan Comparison: 4.05% vs 6.5%
4863 Radcliff, Denver, CO 80236 · 3bd/3ba · $624,800
List Price
$624,800
Assumable Rate
4.05%
Remaining Balance
$331,905
Equity Gap
$292,895
Loan Type
FHAAdjust Your Scenario
$31,240
$31,240$292,895
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.05% (FHA)
Blended Rate: 6.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,752/moAssumable @ 4.05% + gap loan
$3,606/moAssumed loan: $1,594/mo
Gap financing: $2,012/mo
$146less per month with the assumable
Your Savings on This Property
4863 Radcliff, Denver · 4.05% FHA vs 6.5% conventional
$146
per month
$1,748
per year
$52,436
over 30 years
$52,436
interest saved
How gap financing works: The equity gap ($292,895) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,240, 5% of purchase price) and a second mortgage for the rest ($261,655 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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