Loan Comparison: 3.92% vs 6.5%
4559 Zenobia, Denver, CO 80212 · 2bd/1ba · $535,000
List Price
$535,000
Assumable Rate
3.92%
Remaining Balance
$131,488
Equity Gap
$403,511
Loan Type
FHAAdjust Your Scenario
$26,750
$26,750$403,511
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.92% (FHA)
Blended Rate: 7.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 3.92% + gap loan
$3,519/moAssumed loan: $622/mo
Gap financing: $2,897/mo
Your Savings on This Property
4559 Zenobia, Denver · 3.92% 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 ($403,511) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($376,761 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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