Loan Comparison: 2.81% vs 6.5%
9155 Center, Denver, CO 80247 · 2bd/2ba · $210,000
List Price
$210,000
Assumable Rate
2.81%
Remaining Balance
$127,851
Equity Gap
$82,438
Loan Type
FHAAdjust Your Scenario
$10,500
$10,500$82,438
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (FHA)
Blended Rate: 4.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,261/moAssumable @ 2.81% + gap loan
$1,079/moAssumed loan: $526/mo
Gap financing: $553/mo
$182less per month with the assumable
Your Savings on This Property
9155 Center, Denver · 2.81% FHA vs 6.5% conventional
$182
per month
$2,182
per year
$65,456
over 30 years
$65,745
interest saved
How gap financing works: The equity gap ($82,438) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($10,500, 5% of purchase price) and a second mortgage for the rest ($71,938 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 9155 Center.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.