Loan Comparison: 2.74% vs 6.5%
3550 Harlan, Denver, CO 80235 · 2bd/1ba · $240,000
List Price
$240,000
Assumable Rate
2.74%
Remaining Balance
$219,634
Equity Gap
$41,488
Loan Type
FHAAdjust Your Scenario
$12,000
$12,000$41,488
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (FHA)
Blended Rate: 3.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,441/moAssumable @ 2.74% + gap loan
$1,122/moAssumed loan: $895/mo
Gap financing: $227/mo
$319less per month with the assumable
Your Savings on This Property
3550 Harlan, Denver · 2.74% FHA vs 6.5% conventional
$319
per month
$3,827
per year
$114,806
over 30 years
$135,928
interest saved
How gap financing works: The equity gap ($41,488) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,000, 5% of purchase price) and a second mortgage for the rest ($29,488 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 3550 Harlan.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.