Loan Comparison: 3.72% vs 6.5%
5308 Stuart, Denver, CO 80212 · 3bd/4ba · $840,000
List Price
$840,000
Assumable Rate
3.72%
Remaining Balance
$229,612
Equity Gap
$610,388
Loan Type
FHAAdjust Your Scenario
$42,000
$42,000$610,388
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (FHA)
Blended Rate: 7.12%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,044/moAssumable @ 3.72% + gap loan
$5,430/moAssumed loan: $1,059/mo
Gap financing: $4,370/mo
Your Savings on This Property
5308 Stuart, Denver · 3.72% 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 ($610,388) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,000, 5% of purchase price) and a second mortgage for the rest ($568,388 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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