Loan Comparison: 4.67% vs 6.5%
19085 66th, Denver, CO 80249 · 4bd/3ba · $499,000
List Price
$499,000
Assumable Rate
4.67%
Remaining Balance
$409,705
Equity Gap
$89,295
Loan Type
FHAAdjust Your Scenario
$24,950
$24,950$89,295
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.67% (FHA)
Blended Rate: 5.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,996/moAssumable @ 4.67% + gap loan
$2,612/moAssumed loan: $2,118/mo
Gap financing: $495/mo
$384less per month with the assumable
Your Savings on This Property
19085 66th, Denver · 4.67% FHA vs 6.5% conventional
$384
per month
$4,609
per year
$138,261
over 30 years
$138,261
interest saved
How gap financing works: The equity gap ($89,295) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,950, 5% of purchase price) and a second mortgage for the rest ($64,345 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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