Loan Comparison: 4.84% vs 6.5%
21354 51st, Denver, CO 80249 · 6bd/4ba · $639,990
List Price
$639,990
Assumable Rate
4.84%
Remaining Balance
$140,286
Equity Gap
$499,703
Loan Type
FHAAdjust Your Scenario
$32,000
$32,000$499,703
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.84% (FHA)
Blended Rate: 7.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,843/moAssumable @ 4.84% + gap loan
$4,336/moAssumed loan: $739/mo
Gap financing: $3,596/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 ($499,703) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,000, 5% of purchase price) and a second mortgage for the rest ($467,703 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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