Loan Comparison: 3.96% vs 6.5%
9305 80th, Arvada, CO 80005 · 4bd/3ba · $415,000
List Price
$415,000
Assumable Rate
3.96%
Remaining Balance
$167,733
Equity Gap
$247,267
Loan Type
FHAAdjust Your Scenario
$20,750
$20,750$247,267
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.96% (FHA)
Blended Rate: 6.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,492/moAssumable @ 3.96% + gap loan
$2,539/moAssumed loan: $797/mo
Gap financing: $1,742/mo
Your Savings on This Property
9305 80th, Arvada · 3.96% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($247,267) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,750, 5% of purchase price) and a second mortgage for the rest ($226,517 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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