Loan Comparison: 4.15% vs 6.5%
1912 68th, Denver, CO 80221 · 3bd/4ba · $700,000
List Price
$700,000
Assumable Rate
4.15%
Remaining Balance
$305,194
Equity Gap
$394,052
Loan Type
FHAAdjust Your Scenario
$35,000
$35,000$394,052
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.15% (FHA)
Blended Rate: 6.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 4.15% + gap loan
$4,244/moAssumed loan: $1,484/mo
Gap financing: $2,761/mo
Your Savings on This Property
1912 68th, Denver · 4.15% 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 ($394,052) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,000, 5% of purchase price) and a second mortgage for the rest ($359,052 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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