Loan Comparison: 3.92% vs 6.5%
9155 Center, Denver, CO 80247 · 2bd/1ba · $204,900
List Price
$204,900
Assumable Rate
3.92%
Remaining Balance
$104,585
Equity Gap
$100,314
Loan Type
FHAAdjust Your Scenario
$10,245
$10,245$100,314
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.92% (FHA)
Blended Rate: 6.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,230/moAssumable @ 3.92% + gap loan
$1,187/moAssumed loan: $494/mo
Gap financing: $693/mo
$43less per month with the assumable
Your Savings on This Property
9155 Center, Denver · 3.92% FHA vs 6.5% conventional
$43
per month
$520
per year
$15,590
over 30 years
$15,589
interest saved
How gap financing works: The equity gap ($100,314) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($10,245, 5% of purchase price) and a second mortgage for the rest ($90,069 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.