Loan Comparison: 2.81% vs 6.5%
45 Yates, Denver, CO 80219 · 4bd/2ba · $575,000
List Price
$575,000
Assumable Rate
2.81%
Remaining Balance
$382,758
Equity Gap
$191,362
Loan Type
FHAAdjust Your Scenario
$28,750
$28,750$191,362
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (FHA)
Blended Rate: 4.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 2.81% + gap loan
$2,825/moAssumed loan: $1,575/mo
Gap financing: $1,250/mo
$628less per month with the assumable
Your Savings on This Property
45 Yates, Denver · 2.81% FHA vs 6.5% conventional
$628
per month
$7,531
per year
$225,921
over 30 years
$225,041
interest saved
How gap financing works: The equity gap ($191,362) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($162,612 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.