Loan Comparison: 3.34% vs 6.5%
15525 La Salle, Lakewood, CO 80228 · 4bd/4ba · $935,000
List Price
$935,000
Assumable Rate
3.34%
Remaining Balance
$481,369
Equity Gap
$453,630
Loan Type
FHAAdjust Your Scenario
$46,750
$46,750$453,630
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.34% (FHA)
Blended Rate: 5.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,614/moAssumable @ 3.34% + gap loan
$5,247/moAssumed loan: $2,119/mo
Gap financing: $3,129/mo
$367less per month with the assumable
Your Savings on This Property
15525 La Salle, Lakewood · 3.34% FHA vs 6.5% conventional
$367
per month
$4,404
per year
$132,116
over 30 years
$132,115
interest saved
How gap financing works: The equity gap ($453,630) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,750, 5% of purchase price) and a second mortgage for the rest ($406,880 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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