Loan Comparison: 3.69% vs 6.5%
1751 Pontiac, Denver, CO 80220 · 2bd/2ba · $880,000
List Price
$880,000
Assumable Rate
3.69%
Remaining Balance
$382,253
Equity Gap
$537,816
Loan Type
FHAAdjust Your Scenario
$44,000
$44,000$537,816
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (FHA)
Blended Rate: 6.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,284/moAssumable @ 3.69% + gap loan
$5,554/moAssumed loan: $1,757/mo
Gap financing: $3,797/mo
Your Savings on This Property
1751 Pontiac, Denver · 3.69% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($537,816) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,000, 5% of purchase price) and a second mortgage for the rest ($493,816 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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