Loan Comparison: 2.84% vs 6.5%
4135 Delaware, Englewood, CO 80110 · 3bd/2ba · $540,000
List Price
$540,000
Assumable Rate
2.84%
Remaining Balance
$411,418
Equity Gap
$127,666
Loan Type
FHAAdjust Your Scenario
$27,000
$27,000$127,666
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (FHA)
Blended Rate: 3.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,243/moAssumable @ 2.84% + gap loan
$2,473/moAssumed loan: $1,699/mo
Gap financing: $774/mo
$769less per month with the assumable
Your Savings on This Property
4135 Delaware, Englewood · 2.84% FHA vs 6.5% conventional
$769
per month
$9,231
per year
$276,919
over 30 years
$276,003
interest saved
How gap financing works: The equity gap ($127,666) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,000, 5% of purchase price) and a second mortgage for the rest ($100,666 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 4135 Delaware.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.