Loan Comparison: 4.53% vs 6.5%
5228 Jericho, Centennial, CO 80015 · 3bd/2ba · $475,000
List Price
$475,000
Assumable Rate
4.53%
Remaining Balance
$300,793
Equity Gap
$173,562
Loan Type
FHAAdjust Your Scenario
$23,750
$23,750$173,562
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.53% (FHA)
Blended Rate: 5.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 4.53% + gap loan
$2,681/moAssumed loan: $1,529/mo
Gap financing: $1,152/mo
$171less per month with the assumable
Your Savings on This Property
5228 Jericho, Centennial · 4.53% FHA vs 6.5% conventional
$171
per month
$2,050
per year
$61,503
over 30 years
$60,858
interest saved
How gap financing works: The equity gap ($173,562) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($149,812 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 5228 Jericho.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.