Loan Comparison: 2.89% vs 6.5%
21599 Randolph, Denver, CO 80249 · 3bd/3ba · $445,000
List Price
$445,000
Assumable Rate
2.89%
Remaining Balance
$332,263
Equity Gap
$112,737
Loan Type
FHAAdjust Your Scenario
$22,250
$22,250$112,737
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (FHA)
Blended Rate: 4.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 2.89% + gap loan
$2,077/moAssumed loan: $1,381/mo
Gap financing: $696/mo
$595less per month with the assumable
Your Savings on This Property
21599 Randolph, Denver · 2.89% FHA vs 6.5% conventional
$595
per month
$7,141
per year
$214,236
over 30 years
$214,236
interest saved
How gap financing works: The equity gap ($112,737) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($90,487 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 21599 Randolph.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.