Loan Comparison: 2.68% vs 6.5%
4366 Nepal, Centennial, CO 80015 · 3bd/3ba · $440,000
List Price
$440,000
Assumable Rate
2.68%
Remaining Balance
$308,894
Equity Gap
$131,105
Loan Type
FHAAdjust Your Scenario
$22,000
$22,000$131,105
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (FHA)
Blended Rate: 4.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 2.68% + gap loan
$2,089/moAssumed loan: $1,250/mo
Gap financing: $839/mo
$554less per month with the assumable
Your Savings on This Property
4366 Nepal, Centennial · 2.68% FHA vs 6.5% conventional
$554
per month
$6,642
per year
$199,264
over 30 years
$199,263
interest saved
How gap financing works: The equity gap ($131,105) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,000, 5% of purchase price) and a second mortgage for the rest ($109,105 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 4366 Nepal.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.