Loan Comparison: 4.23% vs 6.5%
801 Pennsylvania, Denver, CO 80203 · 1bd/1ba · $195,000
List Price
$195,000
Assumable Rate
4.23%
Remaining Balance
$72,524
Equity Gap
$122,475
Loan Type
FHAAdjust Your Scenario
$9,750
$9,750$122,475
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.23% (FHA)
Blended Rate: 6.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,171/moAssumable @ 4.23% + gap loan
$1,223/moAssumed loan: $356/mo
Gap financing: $867/mo
Your Savings on This Property
801 Pennsylvania, Denver · 4.23% 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 ($122,475) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($9,750, 5% of purchase price) and a second mortgage for the rest ($112,725 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 801 Pennsylvania.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.