Loan Comparison: 3.35% vs 6.5%
5573 Jasper, Denver, CO 80239 · 3bd/3ba · $480,000
List Price
$480,000
Assumable Rate
3.35%
Remaining Balance
$112,844
Equity Gap
$367,155
Loan Type
FHAAdjust Your Scenario
$24,000
$24,000$367,155
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.35% (FHA)
Blended Rate: 7.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 3.35% + gap loan
$3,136/moAssumed loan: $497/mo
Gap financing: $2,639/mo
Your Savings on This Property
5573 Jasper, Denver · 3.35% 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 ($367,155) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,000, 5% of purchase price) and a second mortgage for the rest ($343,155 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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