Loan Comparison: 4.33% vs 6.5%
1230 Forest, Denver, CO 80246 · 3bd/2ba · $679,000
List Price
$679,000
Assumable Rate
4.33%
Remaining Balance
$266,852
Equity Gap
$411,540
Loan Type
FHAAdjust Your Scenario
$33,950
$33,950$411,540
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.33% (FHA)
Blended Rate: 6.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,077/moAssumable @ 4.33% + gap loan
$4,229/moAssumed loan: $1,325/mo
Gap financing: $2,903/mo
Your Savings on This Property
1230 Forest, Denver · 4.33% 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 ($411,540) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,950, 5% of purchase price) and a second mortgage for the rest ($377,590 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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