Loan Comparison: 5.52% vs 6.5%
19531 40th, Denver, CO 80249 · 6bd/4ba · $580,000
List Price
$580,000
Assumable Rate
5.52%
Remaining Balance
$539,201
Equity Gap
$43,022
Loan Type
FHAAdjust Your Scenario
$29,000
$29,000$43,022
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 5.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,483/moAssumable @ 5.52% + gap loan
$3,176/moAssumed loan: $3,068/mo
Gap financing: $108/mo
$307less per month with the assumable
Your Savings on This Property
19531 40th, Denver · 5.52% FHA vs 6.5% conventional
$307
per month
$3,679
per year
$110,370
over 30 years
$112,593
interest saved
How gap financing works: The equity gap ($43,022) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,000, 5% of purchase price) and a second mortgage for the rest ($14,022 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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