Loan Comparison: 2.84% vs 6.5%
18261 47th, Denver, CO 80249 · 4bd/3ba · $515,000
List Price
$515,000
Assumable Rate
2.84%
Remaining Balance
$407,215
Equity Gap
$107,784
Loan Type
FHAAdjust Your Scenario
$25,750
$25,750$107,784
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (FHA)
Blended Rate: 3.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 2.84% + gap loan
$2,313/moAssumed loan: $1,682/mo
Gap financing: $631/mo
$780less per month with the assumable
Your Savings on This Property
18261 47th, Denver · 2.84% FHA vs 6.5% conventional
$780
per month
$9,357
per year
$280,702
over 30 years
$280,701
interest saved
How gap financing works: The equity gap ($107,784) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($82,034 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 18261 47th.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.