Loan Comparison: 3.06% vs 6.5%
5436 Walden, Centennial, CO 80015 · 3bd/3ba · $565,000
List Price
$565,000
Assumable Rate
3.06%
Remaining Balance
$354,297
Equity Gap
$209,925
Loan Type
FHAAdjust Your Scenario
$28,250
$28,250$209,925
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (FHA)
Blended Rate: 4.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 3.06% + gap loan
$2,902/moAssumed loan: $1,505/mo
Gap financing: $1,397/mo
$490less per month with the assumable
Your Savings on This Property
5436 Walden, Centennial · 3.06% FHA vs 6.5% conventional
$490
per month
$5,886
per year
$176,573
over 30 years
$175,795
interest saved
How gap financing works: The equity gap ($209,925) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($181,675 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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