Loan Comparison: 3.06% vs 6.5%
5436 Walden, Centennial, CO 80015 · 3bd/3ba · $575,000
List Price
$575,000
Assumable Rate
3.06%
Remaining Balance
$354,297
Equity Gap
$219,925
Loan Type
FHAAdjust Your Scenario
$28,750
$28,750$219,925
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (FHA)
Blended Rate: 4.97%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 3.06% + gap loan
$2,975/moAssumed loan: $1,505/mo
Gap financing: $1,470/mo
$477less per month with the assumable
Your Savings on This Property
5436 Walden, Centennial · 3.06% FHA vs 6.5% conventional
$477
per month
$5,730
per year
$171,893
over 30 years
$171,115
interest saved
How gap financing works: The equity gap ($219,925) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($191,175 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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