Loan Comparison: 3.07% vs 6.5%
1042 Holland, Lakewood, CO 80226 · 4bd/3ba · $575,000
List Price
$575,000
Assumable Rate
3.07%
Remaining Balance
$438,365
Equity Gap
$135,708
Loan Type
FHAAdjust Your Scenario
$28,750
$28,750$135,708
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (FHA)
Blended Rate: 4.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 3.07% + gap loan
$2,687/moAssumed loan: $1,865/mo
Gap financing: $822/mo
$766less per month with the assumable
Your Savings on This Property
1042 Holland, Lakewood · 3.07% FHA vs 6.5% conventional
$766
per month
$9,186
per year
$275,581
over 30 years
$274,654
interest saved
How gap financing works: The equity gap ($135,708) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($106,958 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 1042 Holland.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.