Loan Comparison: 2.81% vs 6.5%
12100 Melody, Denver, CO 80234 · 2bd/1ba · $180,000
List Price
$180,000
Assumable Rate
2.81%
Remaining Balance
$134,834
Equity Gap
$45,165
Loan Type
FHAAdjust Your Scenario
$9,000
$9,000$45,165
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (FHA)
Blended Rate: 4.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,081/moAssumable @ 2.81% + gap loan
$833/moAssumed loan: $555/mo
Gap financing: $278/mo
$248less per month with the assumable
Your Savings on This Property
12100 Melody, Denver · 2.81% FHA vs 6.5% conventional
$248
per month
$2,976
per year
$89,286
over 30 years
$89,285
interest saved
How gap financing works: The equity gap ($45,165) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($9,000, 5% of purchase price) and a second mortgage for the rest ($36,165 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 12100 Melody.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.