Loan Comparison: 3.23% vs 6.5%
1070 Decatur, Denver, CO 80219 · 2bd/2ba · $665,000
List Price
$665,000
Assumable Rate
3.23%
Remaining Balance
$375,672
Equity Gap
$289,328
Loan Type
FHAAdjust Your Scenario
$33,250
$33,250$289,328
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (FHA)
Blended Rate: 5.37%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,993/moAssumable @ 3.23% + gap loan
$3,600/moAssumed loan: $1,631/mo
Gap financing: $1,969/mo
$393less per month with the assumable
Your Savings on This Property
1070 Decatur, Denver · 3.23% FHA vs 6.5% conventional
$393
per month
$4,719
per year
$141,568
over 30 years
$141,568
interest saved
How gap financing works: The equity gap ($289,328) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,250, 5% of purchase price) and a second mortgage for the rest ($256,078 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.
🏠
Back to This Listing
View photos, details, and request a showing for 1070 Decatur.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.