Loan Comparison: 2.68% vs 6.5%
5888 Biscay, Denver, CO 80249 · 3bd/2ba · $345,000
List Price
$345,000
Assumable Rate
2.68%
Remaining Balance
$251,657
Equity Gap
$93,343
Loan Type
FHAAdjust Your Scenario
$17,250
$17,250$93,343
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (FHA)
Blended Rate: 4.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,072/moAssumable @ 2.68% + gap loan
$1,603/moAssumed loan: $1,018/mo
Gap financing: $585/mo
$468less per month with the assumable
Your Savings on This Property
5888 Biscay, Denver · 2.68% FHA vs 6.5% conventional
$468
per month
$5,621
per year
$168,643
over 30 years
$168,643
interest saved
How gap financing works: The equity gap ($93,343) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,250, 5% of purchase price) and a second mortgage for the rest ($76,093 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 5888 Biscay.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.