Loan Comparison: 2.94% vs 6.5%
572 Newton, Denver, CO 80219 · 2bd/2ba · $388,800
List Price
$388,800
Assumable Rate
2.94%
Remaining Balance
$276,507
Equity Gap
$112,292
Loan Type
FHAAdjust Your Scenario
$19,440
$19,440$112,292
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (FHA)
Blended Rate: 4.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,335/moAssumable @ 2.94% + gap loan
$1,871/moAssumed loan: $1,157/mo
Gap financing: $714/mo
$464less per month with the assumable
Your Savings on This Property
572 Newton, Denver · 2.94% FHA vs 6.5% conventional
$464
per month
$5,566
per year
$166,975
over 30 years
$166,974
interest saved
How gap financing works: The equity gap ($112,292) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,440, 5% of purchase price) and a second mortgage for the rest ($92,852 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 572 Newton.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.