Loan Comparison: 4.17% vs 6.5%
5800 Tower, Denver, CO 80249 · 2bd/2ba · $285,000
List Price
$285,000
Assumable Rate
4.17%
Remaining Balance
$203,971
Equity Gap
$99,534
Loan Type
FHAAdjust Your Scenario
$14,250
$14,250$99,534
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (FHA)
Blended Rate: 5.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,711/moAssumable @ 4.17% + gap loan
$1,650/moAssumed loan: $994/mo
Gap financing: $656/mo
$62less per month with the assumable
Your Savings on This Property
5800 Tower, Denver · 4.17% FHA vs 6.5% conventional
$62
per month
$740
per year
$22,204
over 30 years
$40,709
interest saved
How gap financing works: The equity gap ($99,534) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,250, 5% of purchase price) and a second mortgage for the rest ($85,284 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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