Loan Comparison: 3.69% vs 6.5%
1751 Pontiac, Denver, CO 80220 · 2bd/2ba · $775,000
List Price
$775,000
Assumable Rate
3.69%
Remaining Balance
$341,428
Equity Gap
$432,816
Loan Type
FHAAdjust Your Scenario
$38,750
$38,750$432,816
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (FHA)
Blended Rate: 6.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 3.69% + gap loan
$4,600/moAssumed loan: $1,570/mo
Gap financing: $3,030/mo
$54less per month with the assumable
Your Savings on This Property
1751 Pontiac, Denver · 3.69% FHA vs 6.5% conventional
$54
per month
$648
per year
$19,429
over 30 years
$18,673
interest saved
How gap financing works: The equity gap ($432,816) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,750, 5% of purchase price) and a second mortgage for the rest ($394,066 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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