Loan Comparison: 3.9% vs 6.5%
3875 Perth, Denver, CO 80249 · 3bd/3ba · $450,000
List Price
$450,000
Assumable Rate
3.9%
Remaining Balance
$248,881
Equity Gap
$201,119
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$201,119
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.9% (FHA)
Blended Rate: 5.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 3.9% + gap loan
$2,547/moAssumed loan: $1,174/mo
Gap financing: $1,373/mo
$155less per month with the assumable
Your Savings on This Property
3875 Perth, Denver · 3.9% FHA vs 6.5% conventional
$155
per month
$1,857
per year
$55,718
over 30 years
$55,718
interest saved
How gap financing works: The equity gap ($201,119) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($178,619 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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