Loan Comparison: 4.35% vs 6.5%
1950 Logan, Denver, CO 80203 · 2bd/1ba · $399,000
List Price
$399,000
Assumable Rate
4.35%
Remaining Balance
$170,595
Equity Gap
$228,405
Loan Type
FHAAdjust Your Scenario
$19,950
$19,950$228,405
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.35% (FHA)
Blended Rate: 6.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,396/moAssumable @ 4.35% + gap loan
$2,452/moAssumed loan: $849/mo
Gap financing: $1,603/mo
Your Savings on This Property
1950 Logan, Denver · 4.35% 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 ($228,405) 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 ($208,455 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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