Loan Comparison: 3.9% vs 6.5%
6550 14th, Lakewood, CO 80214 · 2bd/1ba · $210,000
List Price
$210,000
Assumable Rate
3.9%
Remaining Balance
$140,062
Equity Gap
$69,587
Loan Type
FHAAdjust Your Scenario
$10,500
$10,500$69,587
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.9% (FHA)
Blended Rate: 5.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,261/moAssumable @ 3.9% + gap loan
$1,115/moAssumed loan: $661/mo
Gap financing: $454/mo
$146less per month with the assumable
Your Savings on This Property
6550 14th, Lakewood · 3.9% FHA vs 6.5% conventional
$146
per month
$1,752
per year
$52,567
over 30 years
$52,216
interest saved
How gap financing works: The equity gap ($69,587) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($10,500, 5% of purchase price) and a second mortgage for the rest ($59,087 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.