Loan Comparison: 2.98% vs 6.5%
1301 Wolff, Denver, CO 80219 · 3bd/1ba · $450,000
List Price
$450,000
Assumable Rate
2.98%
Remaining Balance
$307,926
Equity Gap
$142,074
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$142,074
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (FHA)
Blended Rate: 4.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 2.98% + gap loan
$2,214/moAssumed loan: $1,295/mo
Gap financing: $919/mo
$488less per month with the assumable
Your Savings on This Property
1301 Wolff, Denver · 2.98% FHA vs 6.5% conventional
$488
per month
$5,853
per year
$175,594
over 30 years
$175,594
interest saved
How gap financing works: The equity gap ($142,074) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($119,574 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 1301 Wolff.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.