Loan Comparison: 3.47% vs 6.5%
4609 Fontana, Denver, CO 80239 · 3bd/2ba · $399,000
List Price
$399,000
Assumable Rate
3.47%
Remaining Balance
$286,915
Equity Gap
$108,881
Loan Type
FHAAdjust Your Scenario
$19,950
$19,950$108,881
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (FHA)
Blended Rate: 4.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,396/moAssumable @ 3.47% + gap loan
$1,967/moAssumed loan: $1,284/mo
Gap financing: $684/mo
$428less per month with the assumable
Your Savings on This Property
4609 Fontana, Denver · 3.47% FHA vs 6.5% conventional
$428
per month
$5,142
per year
$154,251
over 30 years
$151,047
interest saved
How gap financing works: The equity gap ($108,881) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,950, 5% of purchase price) and a second mortgage for the rest ($88,931 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 4609 Fontana.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.