Loan Comparison: 5.41% vs 6.5%
452 78th, Denver, CO 80229 · 4bd/2ba · $517,500
List Price
$517,500
Assumable Rate
5.41%
Remaining Balance
$425,193
Equity Gap
$91,109
Loan Type
FHAAdjust Your Scenario
$25,875
$25,875$91,109
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (FHA)
Blended Rate: 5.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,107/moAssumable @ 5.41% + gap loan
$2,892/moAssumed loan: $2,390/mo
Gap financing: $502/mo
$216less per month with the assumable
Your Savings on This Property
452 78th, Denver · 5.41% FHA vs 6.5% conventional
$216
per month
$2,587
per year
$77,604
over 30 years
$76,406
interest saved
How gap financing works: The equity gap ($91,109) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,875, 5% of purchase price) and a second mortgage for the rest ($65,234 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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