Loan Comparison: 5.52% vs 6.5%
10150 Virginia, Denver, CO 80247 · 2bd/2ba · $225,000
List Price
$225,000
Assumable Rate
5.52%
Remaining Balance
$179,451
Equity Gap
$45,297
Loan Type
FHAAdjust Your Scenario
$11,250
$11,250$45,297
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 6.00%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,351/moAssumable @ 5.52% + gap loan
$1,283/moAssumed loan: $1,021/mo
Gap financing: $262/mo
$68less per month with the assumable
Your Savings on This Property
10150 Virginia, Denver · 5.52% FHA vs 6.5% conventional
$68
per month
$817
per year
$24,515
over 30 years
$24,263
interest saved
How gap financing works: The equity gap ($45,297) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,250, 5% of purchase price) and a second mortgage for the rest ($34,047 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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