Loan Comparison: 4.43% vs 6.5%
4501 Alaska, Denver, CO 80219 · 4bd/2ba · $372,000
List Price
$372,000
Assumable Rate
4.43%
Remaining Balance
$70,199
Equity Gap
$301,516
Loan Type
FHAAdjust Your Scenario
$18,600
$18,600$301,516
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.43% (FHA)
Blended Rate: 7.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,234/moAssumable @ 4.43% + gap loan
$2,528/moAssumed loan: $353/mo
Gap financing: $2,175/mo
Your Savings on This Property
4501 Alaska, Denver · 4.43% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($301,516) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,600, 5% of purchase price) and a second mortgage for the rest ($282,916 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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