Loan Comparison: 4.84% vs 6.5%
21354 51st, Denver, CO 80249 · 6bd/4ba · $650,000
List Price
$650,000
Assumable Rate
4.84%
Remaining Balance
$140,804
Equity Gap
$509,195
Loan Type
FHAAdjust Your Scenario
$32,500
$32,500$509,195
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.84% (FHA)
Blended Rate: 7.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 4.84% + gap loan
$4,408/moAssumed loan: $742/mo
Gap financing: $3,665/mo
Your Savings on This Property
21354 51st, Denver · 4.84% 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 ($509,195) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($476,695 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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